Form 8-K LAM RESEARCH CORP For: Oct 22
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Lam Research (LRCX) 'Very Bullish' on C115; Cowen Sees Shares Cheap Around $70
October 23, 2014 10:01 AM EDTCowen and Company affirms Lam Research (Nasdaq: LRCX) at Outperform with a price target of $85 following Q115 results.
Analyst Timothy Arcuri noted that Q1 EPS of $0.96 topped his estimate by 1 cent. revenue and GM were spot in-line but lower tax rate offset higher R&D spending relative to our model. Ships also spot in-line as Q/Q increase in foundry was offset by declines in memory shipments.
Arcuri noted that Q2 EPS... More
