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Fly News Breaks for April 6, 2015
LRCX
Apr 6, 2015 | 08:30 EDT
Goldman said Lam Research trades at a discount to semi/SPE median multiples despite higher sales and earnings growth. The firm expects the company to announce incremental capital allocation following the recent $1B debt offering and recommends buying on recent relative weakness. Shares are Conviction Buy rated with a $91 price target.
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