Lam Research (LRCX): Great Quarter As Expected - Needham

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Cowen Lifts PT on Lam Research (LRCX) to $100; Notes Strong Qtr., But WFE Run-Rate Not Sustainable

October 20, 2016 7:58 AM EDT

Cowen & Company lifts its price target on Outperform rated Lam Research (Nasdaq: LRCX) from $95 to $100 following Q1 results and outlook issued Wednesday night.

The firm commented today: LRCX continues to execute with incredible regularity and our new #s justify $100 target. On one... More