Lam Research (LRCX) Declares $1.10 Quarterly Dividend; 2.6% Yield

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BofA/Merrill Lynch Downgrades Lam Research (LRCX) to Neutral

August 28, 2018 6:17 AM EDT

BofA/Merrill Lynch analyst Vivek Arya downgraded Lam Research (NASDAQ: LRCX) from Buy to Neutral with a price target of $200.00 (from $235.00).

The analyst steps to the sidelines after lowering WFE estimates and cites an expectation for muted growth.

For an analyst... More