KeyBanc analyst Weston Twigg raised his price target for Lam Research to $283 from $276 after the company posted "good" results and guidance, including bullish 2H revenue commentary. While shipments are expected to decline moderately in the 2H, the analyst expects robust demand to continue through CY19, supporting continued revenue growth and expanded shareholder returns. Twigg views Lam Research as one of the best names to own in semi-cap, and reiterates an Overweight rating on the shares.
BofA analyst Vivek Arya raised the firm's price target on Lam Research to $1,000 from $970 and keeps a Buy rating on the shares. Lam "delivered a solid beat and raise" with growth expected to accelerate into the second half of the calendar year, says the firm, which adds that it is "beginning to see the green shoots of NAND recovery."
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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