Needham & Company Reiterates a 'Buy' on Lam Research (LRCX); Q3 Preview

Needham & Company reiterates a 'Buy' on Lam Research (NASDAQ: LRCX) price target of $50.00.

Analyst, Y. Edwin Mok, said, "We believe LRCX will deliver strong results and see upside to guidance, even considering the aggressive consensus estimates. Longer-term, our checks suggest LRCX’s etch has made good progress at Intel (Nasdaq: INTC) (Hold), and we continue to believe the Novellus (Nasdaq: NVLS) (Buy) merger will drive incremental revenue opportunities and cost synergy."

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 $42.48 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Coherent (COHR) PT Raised to $420 at Needham
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• Celcuity Inc (CELC) PT Lowered to $140 at Needham