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LRCX

Lam Research

$99.59

-2.56 (-2.51%)

06:29
10/12/16
10/12
06:29
10/12/16
06:29

Lam Research downgraded to Sector Weight from Overweight at Pacific Crest

  • 19

    Oct

  • 18

    Nov

LRCX Lam Research
$99.59

-2.56 (-2.51%)

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.
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.
10/07/16
NEED
10/07/16
UPGRADE
NEED
Buy
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.

TODAY'S FREE FLY STORIES

DLB

Dolby

$65.35

1.06 (1.65%)

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$144.75

-0.25 (-0.17%)

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C

Citi

$76.84

1.28 (1.69%)

06:28
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Citi results likely 'overwhelmed' by $20B charge due to tax overhaul, WSJ says »

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JPM

JPMorgan

$112.67

1.83 (1.65%)

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$4.74

0.01 (0.21%)

06:27
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points, pivot low broken »

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INNV

Innovus Pharmaceuticals

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SVXY

ProShares Short VIX Short-Term Futures

$138.19

-0.02 (-0.01%)

06:26
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points, pivot high broken »

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TYL

Tyler Technologies

$187.95

0.06 (0.03%)

06:25
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  • 17

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FCAU

Fiat Chrysler

$23.39

-0.03 (-0.13%)

06:25
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Fiat Chrysler's Marchionne says new CEO to be named this year, AP reports »

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NFLX

Netflix

$221.23

3.99 (1.84%)

, NTDOY

Nintendo

$50.40

0.69 (1.39%)

06:25
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Periodicals
Netflix 'exploring' possibility of launching on Nintendo Switch, Polygon says »

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NFLX

Netflix

$221.23

3.99 (1.84%)

NTDOY

Nintendo

$50.40

0.69 (1.39%)

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  • 18

    Jan

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USO

United States Oil Fund

$12.87

0.17 (1.34%)

06:24
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United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$39.72

0.32 (0.81%)

06:23
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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NOW

ServiceNow

$138.19

0.61 (0.44%)

06:23
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ServiceNow analyst commentary  »

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  • 31

    Jan

BBY

Best Buy

$73.25

1.54 (2.15%)

, WMT

Walmart

$100.87

0.85 (0.85%)

06:23
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Best Buy, Walmart, Sears analyst commentary  »

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Best Buy

$73.25

1.54 (2.15%)

WMT

Walmart

$100.87

0.85 (0.85%)

SHLD

Sears

$3.60

0.28 (8.43%)

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  • 20

    Feb

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$22.78

-1.87 (-7.59%)

06:23
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Technical Analysis
VelocityShares 3x Inv Natural Gas ETN: Pivot points, pivot high broken »

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$82.04

5.36 (6.99%)

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VelocityShares 3x Long Natural Gas ETN: Pivot points, pivot low broken »

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ULTI

Ultimate Software

$226.28

-0.88 (-0.39%)

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  • 06

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AWK

American Water

$80.83

-3.91 (-4.61%)

06:21
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Earnings
American Water affirms FY17 adjusted EPS view $3.00-$3.06, consensus $3.01 »

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FB

Facebook

$179.37

-8.4 (-4.47%)

06:21
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Facebook VP says newsfeed changes will help users better connect, Wired reports »

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  • 17

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EWZ

MSCI Brazil Index

$43.23

0.13 (0.30%)

06:20
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Technical Analysis
MSCI Brazil Index: Pivot points, pivot high broken »

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INFY

Infosys

$16.81

-0.46 (-2.66%)

06:20
01/16/18
01/16
06:20
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06:20
Upgrade
Infosys rating change  »

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RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

, RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

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RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

XOM

Exxon Mobil

$87.52

0.59 (0.68%)

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EFA

iShares MSCI EAFE Index Fund

$73.50

0.73 (1.00%)

06:19
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01/16
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Technical Analysis
iShares MSCI EAFE Index Fund: Pivot points »

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LECO

Lincoln Electric

$97.87

0.4 (0.41%)

06:19
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01/16
06:19
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06:19
Upgrade
Lincoln Electric rating change  »

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INFO

IHS Markit

$47.85

0.39 (0.82%)

06:19
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IHS Markit sees FY18 CapEx approximately 6%-7% of revenue »

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  • 16

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