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Fly News Breaks for January 26, 2017
LRCX
Jan 26, 2017 | 08:20 EDT
Cowen analyst Timothy Arcuri raised his price target on Lam Research to $125 from $105 citing its strong hold on NAND, which has a few more years to run. Arcuri continues to see value and he thinks the foundry/logic market is the next big story that nobody is paying attention to. Arcuri reiterated his Outperform rating on Lam Research shares.