Goldman Sachs analyst James Covello this morning cut his rating on Applied Materials to Sell from Neutral, while reducing his stance on Lam Research to Neutral from Buy, asserting that a recent rally in semiconductor equipment shares has created significant downside risk for the group.
Stanford University this week formally submitted a tentative proposal to the city of New York to build a campus for applied science research and graduate education on Roosevelt Island, with the intent that the campus would serve as a hub for innovation and economic growth.