Lam Research (LRCX) PT Lowered to $225 at Susquehanna
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Price: $332.36 -1.38%
Rating Summary:
33 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
33 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Susquehanna analyst Mehdi Hosseini lowered estimates and the price target on Lam Research (NASDAQ: LRCX) to $225.00 (from $260.00) while maintaining a Positive rating.
They expect Lam's quarterly shipment to decline ~30% from the peak of Mar-18 to the trough of June-2019, while quarterly Revs are expected to decline by 25-30% (from the peak to trough).
The firm's revised FY19/FY20 of $13.13/$15.75 are down from prior $14.28/$19.59 and which compare to the current consensus of $15.02/$17.79.
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