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Fly News Breaks for January 30, 2020
LRCX
Jan 30, 2020 | 07:45 EDT
DA Davidson analyst Thomas Diffely upgraded Lam Research to Buy from Neutral with a price target of $350, up from $250. The analyst says the company has become the first one in the space to "quantitatively" guide recovery in memory this year, with NAND as the "primary driver" following a near-two year hiatus, as well as expectations of DRAM recovery in 2021. Diffely adds that Lam Research has "unmatched leverage" in NAND, which should allow it to "significantly" outperform the market.
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