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Fly News Breaks for October 31, 2019
LRCX, KLAC
Oct 31, 2019 | 07:10 EDT
Citi analyst Atif Malik raised his price target for KLA-Tencor (KLAC) to $196 from $180 following the company's "beat and raise" September quarter results. The company's "defensive EUV appeal" remains intact, especially if the macro environment remains choppy, Malik tells investors in a post-earnings research note. The analyst keeps a Buy rating on the shares but recommends rotating into his top pick Lam Research (LRCX). He prefers stocks like Lam "that are more leveraged to higher memory spend growth next year."
News For KLAC;LRCX From the Last 2 Days
LRCX
Apr 19, 2024 | 07:08 EDT
