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Fly News Breaks for March 24, 2016
KLAC, LRCX
Mar 24, 2016 | 06:37 EDT
Deutsche Bank analyst Sidney Ho believes investor concerns over DRAM capex cuts and leverage, accretion and revenue growth from the KLA-Tencor (KLAC) deal are keeping Lam Research (LRCX) shares from breaking through the low-$80s. After looking into the issues, the analyst believes the concerns are likely overstated. Ho expects Lam to unlock shareholder value as it realizes synergies from the acquisition and deleverages its balance sheet. Lam is the analyst's top pick in the sector with a Buy rating and $95 price target.
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