Merrill Downgrades Chip Equipment Names

Among the companies affected: Applied Materials, KLA-Tencor, Lam Research, and Novellus

Merrill Lynch downgraded its investment ratings on 13 companies in the semiconductor equipment group, including Applied Materials (AMAT ), KLA-Tencor (KLAC ), Lam Research (LRCX ), and Novellus (NVLS ).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.