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Fly News Breaks for January 25, 2017
KLAC, AMAT, LRCX
Jan 25, 2017 | 06:55 EDT
Citi analyst Atif Mali moved Lam Research (LRCX) to his top pick in Semiconductor Capital Equipment citing his call for outsized memory spend growth in 2017. Applied Materials (AMAT) moves to Mali's number two pick from one. The analyst raised his price target for Lam shares to $135 from $123 and keeps a Buy rating on the name. He keeps a Buy rating on AMAT with a $43 price target and also upped his target for Hold-rated KLA-Tencor (KLAC) to $84 from $74. Mali expects equipment fundamentals to remain strong.