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Fly News Breaks for January 30, 2020
LRCX
Jan 30, 2020 | 06:00 EDT
Citi analyst Atif Malik reiterates Lam Research as his top Semiconductor Equipment pick and boosts his price target for the shares to $363 from $360 following last night's "beat and raise" results. The analyst expects Street estimates and equipment stocks to "grind higher" through the year on positive memory capex revisions led by improving NAND and DRAM pricing. He keeps a Buy rating on Lam Research.
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