Cowen Bullish on Lam Research/KLA-Tencor Deal Amid Delay; Affirms Lam Research at 'Outperform' (LRCX)
- S&P 500, Nasdaq dip as interest rate concerns, earnings weigh
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Nomura Securities Downgrades Lam Research (LRCX) to Neutral
August 11, 2016 6:32 AM EDTNomura Securities downgraded Lam Research (NASDAQ: LRCX) from Buy to Neutral with a price target of $85.00 (from $95.00) after the company extended the timeline for its merger with KLA-Tencor after a request for more info from the DOJ.
Analyst Romit Shah... More
Needham & Company Sees Lam Research (LRCX), KLA-Tencor (KLAC) Closing Deal in H117 Amid Regulatory Risks
August 10, 2016 2:09 PM EDTNeedham & Company affirms Lam Research (Nasdaq: LRCX) with a Buy rating and $105 price target amid news of a delay to its merger with KLA-Tencor this morning.
Analyst Y. Edwin Mok commented today, Before market open, LRCX and KLAC issued a press release effectively pushing out the timeline of achieving regulatory clearance for its acquisition of KLAC [Hold]. This is the third time the target date has been delayed, extending the regulatory... More
RBC Asks 'What's the Holdup?' on Lam Research's (LRCX) Deal with KLA-Tencor (KLAC)
August 10, 2016 11:49 AM EDTRBC Capital affirms Lam Research (Nasdaq: LRCX) at Outperform with a price target of $105 following news that its merger with KLA-Tencor (Nasdaq: KLAC) has been pushed out.
Analyst Amit Daryanani commented, Before market open, LRCX... More
Lam Research (LRCX), KLA-Tencor (KLAC) Update on Merger; Sees Extension to Obtain Regulatory Clearances
August 10, 2016 8:48 AM EDTLam Research Corporation and KLA-Tencor Corporation provided an update on their planned business combination. As previously disclosed, the parties continue to discuss their proposed merger, including potential remedies, with the staff of the Department of Justice (the "DOJ"), and with competition authorities in Korea, Japan and China. The companies... More