Mizuho lowered the firm’s price target on Lam Research (LRCX) to $87 from $90 and keeps an Outperform rating on the shares. The company’s guidance is “better than feared” with NAND stronger, the analyst tells investors in a research note. The firm believes Lam is positioned well for artificial intelligence and memory wafer fab equipment into 2025E, with NAND recovering “adding another tailwind.”
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Read More on LRCX:
- Lam upgraded to Overweight at Cantor Fitzgerald, says ‘too good to wait’
- Lam Research price target raised to $85 from $82 at Wells Fargo
- Lam Research upgraded to Overweight from Neutral at Cantor Fitzgerald
- Lam Research upgraded to Outperform from Market Perform at Bernstein
- Lam Research Reports Strong Quarterly Growth
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