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Fly News Breaks for April 14, 2015
LRCX
Apr 14, 2015 | 06:58 EDT
Pacific Crest believes that Lam Research's stock has fallen largely due to worries about PC demand softness and related DRAM concerns. However, the firm thinks the stock has a number of very compelling, positive long-term catalysts, including the ongoing 20 nm DRAM conversion and accelerating 3D NAND plans. It believes that the stock can rise about 37% from current levels and keeps an Overweight rating on the shares.
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