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Fly News Breaks for November 22, 2016
LRCX
Nov 22, 2016 | 09:00 EDT
DA Davidson analyst Thomas Diffely says that Lam Research will continue to outperform, driven by its leverage to the fastest growing segments of the strong semiconductor equipment space. The analyst thinks that the company made "a compelling case" for the sector's strong outlook at its analyst meeting last week. He continues to expect the company to benefit from the proliferation of 3D NAND, and he reiterates a $125 price target and a Buy rating on the shares.
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