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Fly News Breaks for October 13, 2016
LRCX
Oct 13, 2016 | 09:15 EDT
Needham analyst Y. Edwin Mok notes that Lam Research is expected to report results on October 19 and says he sees upside to guidance. With increased market volatility, the analyst prefers Lam Research over other mid/large-cap peers based on several relative drivers, including a recovery in DRAM investments benefiting the company due to its high exposure. Mok reiterates a Buy rating and $115 price target on the shares.
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