Needham analyst Y. Edwin Mok raised his price target for Lam Research to $135 from $120 on valuation. The analyst says that after "very strong" stock performance in 2016, he expects SemiCap stocks to see increased volatility in 2017, but the sustainable growth environment should ultimately support higher share prices. He reiterates a Buy rating on the shares.
TD Cowen raised the firm's price target on Lam Research to $1,000 from $975 and keeps a Buy rating on the shares. The firm said NAND recovery is off to a good start with two consecutive quarters of 25-30% sequential growth and other vectors are also showing growth.
Susquehanna analyst Mehdi Hosseini lowered the firm's price target on Lam Research to $850 from $880 and keeps a Neutral rating on the shares. The firm said they posted a good print and guidance as its report and commentary were inline with Susquehanna's preview.
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