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Fly News Breaks for June 13, 2018
LRCX
Jun 13, 2018 | 07:25 EDT
RBC Capital analyst Mitch Steves downgraded Lam Research to Sector Perform from Outperform and lowered his price target to $210 from $245, saying the next twelve month period will likely see a muted stock price movement. The analyst notes that after an increase in NAND WFE market from $6.8B in 2013 to $16B today, he would "not be surprised" to see a decrease in the industry's total capital spending, adding that estimate revisions for Lam Research will likely trend down. Longer term, Steves still expects total spending to ramp higher.
News For LRCX From the Last 2 Days
LRCX
Apr 18, 2024 | 07:18 EDT
LRCX
Apr 16, 2024 | 09:48 EDT
