Piper Jaffray analyst Ruben Roy downgraded KLA-Tencor (KLAC) to Neutral calling the takeover offer from Lam Research (LRCX) fair. He believes a better offer is unlikely to emerge and raised his price target for shares to $67 from $63.
Susquehanna analyst Mehdi Hosseini lowered the firm's price target on Lam Research to $850 from $880 and keeps a Neutral rating on the shares. The firm said they posted a good print and guidance as its report and commentary were inline with Susquehanna's preview.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSImpinj (PI) up... To see the rest of the story go to thefly.com. See Story Here