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LRCX

Lam Research

$99.59

-2.56 (-2.51%)

06:29
10/12/16
10/12
06:29
10/12/16
06:29

Lam Research downgraded to Sector Weight from Overweight at Pacific Crest

  • 19

    Oct

  • 18

    Nov

LRCX Lam Research
$99.59

-2.56 (-2.51%)

10/06/16
COWN
10/06/16
NO CHANGE
Target $80
COWN
Outperform
Cowen says to buy KLA-Tencor following merger agreement termination
Cowen analyst Timothy Arcuri said the KLA-Tencor (KLAC) merger with Lam Research (LRCX) was called off as expected. He said it was consistent with his assessment and believes Intel (INTC) was the culprit. The companies cited review of options amid recent ant-trust agency feedback. Arcuri said he continues to like Lam Research but prefers KLA-Tencor as he sees it as one of the only semi companies with roughly 30% upside. Arcuri maintained his Outperform rating and $80 price target on KLA-Tencor shares.
10/07/16
10/07/16
UPGRADE
Target $84

Buy
KLA-Tencor upgraded to Buy after merger termination at Needham
As previously reported, Needham analyst Y. Edwin Mok upgraded KLA-Tencor (KLAC) to Buy from Hold, with an $84 price target, after the company and Lam Research (LRCX) terminated their proposed merger. The analyst believes the deal termination has several benefits including more focus on execution of growth strategy, and highlights importance of process control. Additionally, it allows KLA-Tencor to independently pursue M&A to gain market share or expand its TAM, and transition to leaner operating structure going forward, he notes.
10/07/16
NEED
10/07/16
NO CHANGE
Target $115
NEED
Buy
Lam Research price target raised to $115 from $105 at Needham
Needham analyst Y. Edwin Mok raised his price target for Lam Research (LRCX) to $115 from $105 after the company and KLA-Tencor (KLAC) terminated the proposed merger after trying to win regulatory approval for almost 12 months, citing a block from the Department of Justice. The analyst sees the news to be "ultimately positive" for Lam Research as management can now focus its effort on its growth strategies. Mok reiterates a Buy rating on Lam Research's shares. He also upgraded KLA-Tencor to Buy this morning.
10/07/16
NEED
10/07/16
UPGRADE
NEED
Buy
KLA-Tencor upgraded on positive risk/reward at Needham
As noted earlier, Needham upgraded KLA-Tencor (KLAC) to Buy from Hold. Analyst Y. Edwin Mok says that the stock's risk/reward ratio is positive after its multiple fell in the wake of the company's now terminated merger with LAm Research (LRCX). The analyst expects KLA-Tencor to grow rapidly in 2017, driven by " strengthened foundry demand, ramping of Gen 5 optical inspection tools, growth from other new products, and a leaner operating structure enabling better margins/profitability ahead." Target $84.

TODAY'S FREE FLY STORIES

MIK

Michaels

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-0.46 (-1.89%)

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K

Kellogg

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NAVI

Navient

$17.03

0.03 (0.18%)

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VRSK

Verisk Analytics

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CMCO

Columbus McKinnon

$27.59

1.07 (4.03%)

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CLGX

CoreLogic

$37.89

-0.28 (-0.73%)

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  • 15

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MGP

MGM Growth

$24.60

-0.18 (-0.73%)

, GLPI

Gaming and Leisure Properties

$30.70

0.24 (0.79%)

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MGP

MGM Growth

$24.60

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Gaming and Leisure Properties

$30.70

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Boyd Gaming

$19.63

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ASX

Advanced Semiconductor

$5.38

0.11 (2.09%)

05:20
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ACIA

Acacia Communications

$70.14

1.08 (1.56%)

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NVS

Novartis

$68.96

-0.01 (-0.01%)

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WDC

Western Digital

$63.85

1.76 (2.83%)

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F

Ford

$12.56

0.12 (0.96%)

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  • 05

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MU

Micron

$19.06

0.45 (2.42%)

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  • 07

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ESGR

Enstar Group

$194.15

0.5 (0.26%)

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TRUE

TrueCar

$12.44

0.02 (0.16%)

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TWI

Titan International

$11.68

0.08 (0.69%)

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Titan International appoints interim CFO James Froisland to CFO »

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ANET

Arista Networks

$93.86

1.11 (1.20%)

, HPE

HP Enterprise

$23.96

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ANET

Arista Networks

$93.86

1.11 (1.20%)

HPE

HP Enterprise

$23.96

-0.25 (-1.03%)

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  • 12

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DPSGY

Deutsche Post

$31.62

0.015 (0.05%)

05:03
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DLLLY

Delta Lloyd

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SSREY

Swiss Re

$23.68

0.195 (0.83%)

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ZURVY

Zurich Insurance

$26.82

0.365 (1.38%)

05:01
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AV

Aviva

$11.86

0.36 (3.13%)

05:00
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Aviva rating change  »

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BHP

BHP Billiton

$38.34

-0.4 (-1.03%)

04:58
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  • 07

    Dec

RIO

Rio Tinto

$39.25

-0.24 (-0.61%)

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KMI

Kinder Morgan

$21.12

-0.34 (-1.58%)

, PAA

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$31.38

0.02 (0.06%)

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KMI

Kinder Morgan

$21.12

-0.34 (-1.58%)

PAA

Plains All American

$31.38

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AMID

American Midstream Partners

$16.80

1 (6.33%)

NSH

NuStar GP Holdings

$27.30

0.3 (1.11%)

SPGI

S&P Global

$113.57

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MCO

Moody's

$96.91

0.08 (0.08%)

GLP

Global Partners

$15.90

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BKEP

Blueknight Energy Partners

$6.65

0.15 (2.31%)

TLP

Transmontaigne Partners

$42.34

-0.15 (-0.35%)

D

Dominion

$72.71

-0.77 (-1.05%)

SHLX

Shell Midstream

$27.22

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ENBL

Enable Midstream

$15.66

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DPM

DCP Midstream

$34.91

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VNOM

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$15.89

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$25.38

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  • 07

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