RBC Capital Downgrades Lam Research (LRCX) to Underperform

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Piper Jaffray Remains Bullish on Lam Research (LRCX) as Technology Inflections Continue

October 6, 2015 7:19 AM EDT

Piper Jaffray reiterated an Overweight rating and $94.00 price target on Lam Research (NASDAQ: LRCX) as technology inflections across a number of product areas continue. While investor concerns over the trajectory of WFE spending in 2016 will likely continue, LRCX has illustrated its ability to grow faster than peers given the combination of technology driven... More