Needham & Company Cuts Price Target on Lam Research (LRCX) Following Industry Report
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Price: $870.25 -2.1%
Rating Summary:
25 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
25 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Needham & Company maintained a Buy rating on Lam Research (NASDAQ: LRCX), and cut the price target to $88.00 (from $95.00), following an industry report.
Analyst Edwin Mok commented, "In conjunction with our industry report published today titled, "SemiCap Industry Update Vol 66: Bracing for a Slower 2016," we are changing our estimates and PT for LRCX."
For an analyst ratings summary and ratings history on Lam Research click here. For more ratings news on Lam Research click here.
Shares of Lam Research closed at $67.31 yesterday.
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