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KLAC

KLA-Tencor

$71.21

0.91 (1.29%)

, LRCX

Lam Research

$96.17

1.34 (1.41%)

07:34
10/06/16
10/06
07:34
10/06/16
07:34

JPMorgan recommends buying KLA-Tencor after merger termination

JPMorgan analyst Harlan Sur says that while the terminated merger is "disappointing for both parties," both KLA-Tencor (KLAC) and Lam Research (LRCX) are undervalued on a standalone basis. The analyst expects KLA-Tencor to be "aggressive buyers" of its own stock. He sees share upside to the $85-$90 range and keeps an Overweight rating on the name. Sur recommends buying the shares.

KLAC

KLA-Tencor

$71.21

0.91 (1.29%)

LRCX

Lam Research

$96.17

1.34 (1.41%)

  • 06

    Oct

  • 19

    Oct

  • 18

    Nov

KLAC KLA-Tencor
$71.21

0.91 (1.29%)

10/06/16
RBCM
10/06/16
NO CHANGE
RBCM
Lam Research outlook still positive after merger terminated, says RBC Capital
After Lam Research (LRCX) and KLA-Tencor (KLAC) announced that their merger had been terminated, RBC Capital analyst Amit Daryanani remains upbeat on Lam's outlook as a standalone entity. He expects the company to benefit from strong 3D-NAND spending in 2017, and he keeps a $105 price target and Outperform rating on the stock.
10/06/16
RILY
10/06/16
UPGRADE
Target $86
RILY
Buy
KLA-Tencor upgraded to Buy from Neutral at B. Riley
B. Riley analyst Craig Ellis upgraded KLA-Tencor (KLAC) to Buy and raised his price target for the shares to $86 from $78 after the company discontinued its proposed merger with Lam Research (LRCX).
10/03/16
FBCO
10/03/16
NO CHANGE
Target $85
FBCO
Outperform
KLA-Tencor added to US Focus List at Credit Suisse
Credit Suisse analyst Farhan Ahmad added KLA-Tencor to the US Focus List and reiterated his views that shares are very attractive in near term given upside his estimates, 2H 2016/CY17 earnings are 10%/7% above Street. The analyst has greater conviction that stock is already pricing in the breakup of the proposed Lam Research (LRCX) merger following meetings and calls with investors over the last few weeks, and sees significant interest in KLA-Tencor shares from investors. Ahmad commented on investor concerns and thinks Gen 5 will take share from Ebeam inspection, Foundry 28nm capex from China could be a 2018 growth driver, and believes valuation reflects the merger and sees upside expansion to the multiple. Ahmad rates KLA-Tencor an Outperform with an $85 price target.
09/13/16
FBCO
09/13/16
UPGRADE
Target $85
FBCO
Outperform
KLA-Tencor upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Farham Ahmad upgraded KLA-Tencor (KLAC) to Outperform and raised its price target to $85 from $82. Ahmad does not expect the Lam Research (LRCX) merger to go through but views KLA-Tencor as attractive on a standalone valuations. The analyst's FY17 earnings estimate of $5.34 is 11% above the Street, and he sees potential for multiple expansion driven by OpM and 3% dividend yield.
LRCX Lam Research
$96.17

1.34 (1.41%)

10/05/16
RBCM
10/05/16
NO CHANGE
RBCM
Micron report reads positively for Applied Materials, Lam, says RBC Capital
Following Micron's (MU) quarterly report and guidance, RBC Capital Amit Daryanani said he sees positive read-through from the report for Applied Materials (AMAT), Lam Research (LRCX), ASML (ASML), Western Digital (WDC) and Intel (INTC). Micron management expects capex spending of $4.8B-$5.2B for FY17, noted Daryanani, who believes continued 3D NAND spending will benefit Applied and Lam the most.
09/08/16
SBSH
09/08/16
NO CHANGE
Target $102
SBSH
Buy
Citi stil sees risk in Lam, KLA-Tencor merger deal
Dealreporter yesterday published an article yesterday stating that Lam Research (LRCX) is in discussions with China's MOFCOM to resolve deal concerns, Citi analyst Atif Malik tells investors in a research note. The analyst continues to see risk in Lam, KLA-Tencor (KLAC) deal on decreased competition concerns with regulators. He adds that equipment peers at the Citi Technology conference this week spoke of concentration concerns with the deal. Malik has a Buy rating on Lam with a $102 price target.

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$70.88

0.21 (0.30%)

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

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GMED

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TLN

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UMBF

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IM

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JNJ

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CE

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CX

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NEOG

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RRC

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EOG

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-1.01 (-0.96%)

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    Dec

HMST

HomeStreet

$29.35

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, UMBF

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UMBF

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$77.00

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UMBF

UMB Financial

$77.00

-0.43 (-0.56%)

, IM

Ingram Micro

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IM

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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