Needham analyst Quinn Bolton started Lam Research with a Buy rating and $180 price target. The analyst believes Lam is well positioned to benefit from the anticipated second half of 2019 recovery in WFE spending given the company's high exposure to 3D NAND. The company stands to benefit from the increasing etch and deposition intensity associated with 3D NAND and multi-patterning, Bolton tells investors in a research note. He believes the stock is attractively priced at current levels.

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Notable companies reporting after the market close, with earnings consensus, include Meta Plataforms (META), consensus $4.32... IBM (IBM), consensus $1.60... ServiceNow (NOW), consensus $3.14... Lam Research (LRCX), consensus $7.30... Chipotle Mexican Grill (CMG), consensus $11.68... O'Reilly Automotive (ORLY), consensus $9.26... Ford Motor (F), consensus 42c... United Rentals (URI), consensus $8.32... Align Technology (ALGN), consensus $1.97... Molina Healthcare (MOH), consensus $5.59... Teradyne (TER), consensus 33c... Universa Health Services (UHS), consensus $3.16... Western Union (WU), consensus 41c.