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Fly News Breaks for December 19, 2016
LRCX
Dec 19, 2016 | 06:11 EDT
Goldman analyst Toshiya Hari upgraded Lam Research to Conviction Buy with a $125 price target. The analyst is bullish on Lam's product positioning given its strong share in deposition and etch, sees upside to Street estimates, and believes improvements in its logic business will result in a higher multiple.
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