Lam Research (LRCX) Tops Q2 EPS by 5c, Offers Q3 Guidance

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Go back to Lam Research (LRCX) Tops Q2 EPS by 5c, Offers Q3 Guidance

Lam Research (LRCX) PT Raised to $100 at Susquehanna Following Earnings Report

January 26, 2017 7:57 AM EST

Susquehanna raised its price target on Lam Research (NASDAQ: LRCX) to $100.00 (from $92.00) while maintaining a Neutral rating following the company's 2Q earnings report.

Analyst Mehdi Hosseini commented, "As was expected, Lam's revenue and shipment guide was solid and implying 2017 WFE spend that is tracking up 5-10% (and off of a higher base in 2016). The company's shipment guide suggests 2H shipment in 2017 will decline by 25-30% vs. 1H. Thus,... More