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KLAC

KLA-Tencor

$71.79

0.58 (0.81%)

, LRCX

Lam Research

$100.19

4.02 (4.18%)

08:58
10/07/16
10/07
08:58
10/07/16
08:58

KLA-Tencor upgraded on positive risk/reward at Needham

As noted earlier, Needham upgraded KLA-Tencor (KLAC) to Buy from Hold. Analyst Y. Edwin Mok says that the stock's risk/reward ratio is positive after its multiple fell in the wake of the company's now terminated merger with LAm Research (LRCX). The analyst expects KLA-Tencor to grow rapidly in 2017, driven by " strengthened foundry demand, ramping of Gen 5 optical inspection tools, growth from other new products, and a leaner operating structure enabling better margins/profitability ahead." Target $84.

KLAC

KLA-Tencor

$71.79

0.58 (0.81%)

LRCX

Lam Research

$100.19

4.02 (4.18%)

  • 19

    Oct

  • 18

    Nov

KLAC KLA-Tencor
$71.79

0.58 (0.81%)

10/06/16
FBCO
10/06/16
NO CHANGE
Target $85
FBCO
Outperform
KLA-Tencor remains a top pick for 2H 2016, says Credit Suisse
Credit Suisse analyst Farhan Ahmad said merger termination between KLA-Tencor (KLAC) and Lam Research (LRCX) was expected and continues to view KLAC as a top pick for 2H 2016. The analyst said Foundry capex is strong near-term and Gen 5 product growth will drive revenue growth above peers in 2017. Ahmad rates KLA-Tencor an Outperform with an $85 price target.
10/07/16
NEED
10/07/16
UPGRADE
NEED
Buy
KLA-Tencor upgraded to Buy from Hold at Needham
10/07/16
10/07/16
UPGRADE
Target $84

Buy
KLA-Tencor upgraded to Buy after merger termination at Needham
As previously reported, Needham analyst Y. Edwin Mok upgraded KLA-Tencor (KLAC) to Buy from Hold, with an $84 price target, after the company and Lam Research (LRCX) terminated their proposed merger. The analyst believes the deal termination has several benefits including more focus on execution of growth strategy, and highlights importance of process control. Additionally, it allows KLA-Tencor to independently pursue M&A to gain market share or expand its TAM, and transition to leaner operating structure going forward, he notes.
10/07/16
NEED
10/07/16
NO CHANGE
Target $115
NEED
Buy
Lam Research price target raised to $115 from $105 at Needham
Needham analyst Y. Edwin Mok raised his price target for Lam Research (LRCX) to $115 from $105 after the company and KLA-Tencor (KLAC) terminated the proposed merger after trying to win regulatory approval for almost 12 months, citing a block from the Department of Justice. The analyst sees the news to be "ultimately positive" for Lam Research as management can now focus its effort on its growth strategies. Mok reiterates a Buy rating on Lam Research's shares. He also upgraded KLA-Tencor to Buy this morning.
LRCX Lam Research
$100.19

4.02 (4.18%)

10/06/16
JPMS
10/06/16
NO CHANGE
JPMS
Overweight
JPMorgan recommends buying KLA-Tencor after merger termination
JPMorgan analyst Harlan Sur says that while the terminated merger is "disappointing for both parties," both KLA-Tencor (KLAC) and Lam Research (LRCX) are undervalued on a standalone basis. The analyst expects KLA-Tencor to be "aggressive buyers" of its own stock. He sees share upside to the $85-$90 range and keeps an Overweight rating on the name. Sur recommends buying the shares.
10/06/16
COWN
10/06/16
NO CHANGE
Target $80
COWN
Outperform
Cowen says to buy KLA-Tencor following merger agreement termination
Cowen analyst Timothy Arcuri said the KLA-Tencor (KLAC) merger with Lam Research (LRCX) was called off as expected. He said it was consistent with his assessment and believes Intel (INTC) was the culprit. The companies cited review of options amid recent ant-trust agency feedback. Arcuri said he continues to like Lam Research but prefers KLA-Tencor as he sees it as one of the only semi companies with roughly 30% upside. Arcuri maintained his Outperform rating and $80 price target on KLA-Tencor shares.

TODAY'S FREE FLY STORIES

NUVA

NuVasive

$51.99

-1.34 (-2.51%)

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JUNO

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SNP

Sinopec

$83.07

-1 (-1.19%)

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SHLX

Shell Midstream

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0.21 (0.69%)

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UNH

UnitedHealth

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  • 16

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AVXS

AveXis

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  • 17

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OZRK

Bank of the Ozarks

$52.23

-0.24 (-0.46%)

20:26
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WP

Worldpay

$78.26

0.66 (0.85%)

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BAC

Bank of America

$31.24

0.05 (0.16%)

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Goldman Sachs

$258.46

1.43 (0.56%)

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BAC

Bank of America

$31.24

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GS

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0.19 (0.33%)

FAST

Fastenal

$55.44

-0.15 (-0.27%)

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C

Citi

$77.11

0.27 (0.35%)

20:20
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O

Realty Income

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0.22 (0.42%)

19:12
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NGD

New Gold

$3.44

0.05 (1.47%)

19:05
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New Gold sees FY18 gold production 525,000-595,000 ounces »

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NGD

New Gold

$3.44

0.05 (1.47%)

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NGD

New Gold

$3.44

0.05 (1.47%)

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PYPL

PayPal

$80.42

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18:50
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CE

Celanese

$109.67

-1.67 (-1.50%)

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  • 26

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RIG

Transocean

$11.47

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  • 16

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WMT

Walmart

$100.69

-0.18 (-0.18%)

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  • 20

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CME

CME Group

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  • 18

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CE

Celanese

$109.67

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  • 26

    Jan

SRC

Spirit Realty

$8.07

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NTNX

Nutanix

$36.01

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17:45
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  • 16

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JUNO

Juno Therapeutics

$45.60

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, CELG

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JUNO

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CELG

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EXEL

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$29.65

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IPSEY

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RNST

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IBKR

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OBLN

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XON

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BOOT

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$19.10

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F

Ford

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-0.13 (-0.98%)

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  • 16

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NRZ

New Residential

$17.63

-0.11 (-0.62%)

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  • 17

    Jan

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
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