Mizuho raised the firm’s price target on Lam Research to $700 from $690 and keeps a Buy rating on the shares. The analyst believes the semiconductor capital equipment will benefit from better wafer fab equipment trends. The firm thinks China capex demands are improving and 2024 could see strength from better memory.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LRCX:
- Hayman Capital Sticks to Its Guns, Chip Stocks Mostly Decline
- Raymond James starts semicap equipment sector with positive view
- Lam Research initiated with an Outperform at Raymond James
- Here’s What Makes the S&P 500 (SPY) ETF an Attractive Investment
- Options Volatility and Implied Earnings Moves This Week, October 16 – October 20, 2023
Questions or Comments about the article? Write to editor@tipranks.com