BofA/Merrill Lynch maintains Buy on Lam Research (NASDAQ: LRCX) price target of $230.00.

Analyst Krish Sankar adds the stock to the US-1 list citing improvement in wafer fab equipment spend, ongoing 3d NAND transition and potential benefits from the auto cycle shift.

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 $192.36 yesterday.