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Fly News Breaks for April 25, 2019
LRCX
Apr 25, 2019 | 09:54 EDT
Cowen analyst Krish Sankar raised his price target for Lam Research to $235 from $223 saying that even with a mostly in line June quarter outlook and limited visibility on a WFE recovery, he views the company's results in a positive light due to the absence of any further deterioration in fundamentals. Modest share losses last year are manageable, he adds. The analyst reiterates an Outperform rating on the shares.
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