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Fly News Breaks for January 21, 2020
LRCX
Jan 21, 2020 | 11:17 EDT
B. Riley FBR analyst Craig Ellis earlier today raised his price target for Lam Research to $360 from $300 ahead of the company's fiscal Q2 results on January 29. The analyst forecasts a "slight" beat in Q2 and "more visible" Q3 outlook upside versus the Street, led by foundry with help from logic and NAND. He believes cyclical tailwinds are picking up and reiterated a Buy rating on Lam Research shares.
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