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LRCX

Lam Research

$148.48

-4.27 (-2.80%)

09:26
06/16/17
06/16
09:26
06/16/17
09:26

Lam Research to benefit from continued strengthening in WFE, says Needham

Needham analyst Y. Edwin Mok noted that datapoints since early April suggest continued strengthening in WFE, particularly around etch and deposition processes, which increases his confidence in a strong 2018 for Lam Research. The analyst, who raised his price target on the stock to $175 from $165, keeps a Buy rating on Lam shares.

  • 20

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LRCX Lam Research
$148.48

-4.27 (-2.80%)

05/08/17
GSCO
05/08/17
DOWNGRADE
Target $160
GSCO
Buy
Lam Research downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Toshiya Hari removed Lam Research from the Conviction Buy List given recent outperformance. The analyst maintains a Buy rating and increased his price target to $160 from $153 citing strong industry fundamentals and market share gains, among other reasons.
05/08/17
05/08/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Goldman Sachs analyst Mark Delaney downgraded Micron (MU) Technology to Neutral from Buy and lowered his price target for the shares to $30 from $32. With consensus estimates up 70% for the current fiscal year on better memory prices and margins, the major catalyst for shares has already played out, Delaney tells investors. 2. Bank of America Merrill Lynch analyst Steve Byrne downgraded LyondellBasell (LYB) two notches to Underperform from Buy and lowered its price target to $80 from $100, telling investors supply growth is set to impact margins. The analyst said polyethylene industry is over-earning and capacity has accelerated and will result in global polyethylene supply growth that is expected to exceed demand through 2018. 3. Goldman Sachs analyst Toshiya Hari removed Lam Research (LRCX) from the Conviction Buy List given recent outperformance. The analyst maintains a Buy rating and increased his price target to $160 from $153, citing strong industry fundamentals and market share gains, among other reasons. 4. Deutsche Bank analyst Jonathan Arnold downgraded Consolidated Edison (ED) to Sell saying the valuation is "stretched" at current share levels. The analyst sees 7% downside to his unchanged price target of $74. 5. DA Davidson analyst Steven Chercover downgraded Louisiana-Pacific (LPX) to Neutral citing valuation following the company's Q1 results, as he believes "much of the good news on commodities" is already priced into the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/17
SBSH
05/15/17
NO CHANGE
Target $200
SBSH
Buy
Citi ups Lam target to $200, Applied Materials target to $50
Citi analyst Atif Malik raised his price target for Lam Research (LRCX) to $200 from $161, for Applied Materials (AMAT) to $50 from $43 and for KLA-Tencor (KLAC) to $110 from $102. The first two names are Buy rated while the latter is Hold rated. To reflect higher 3D NAND investment expectations, Malik upped his 2018 wafer fab equipment spending target to $43B from $40B. Lam and AMAT are best positioned to benefit from sustained 3D NAND investments, Malik tells investors in a research note.
05/30/17
DBAB
05/30/17
NO CHANGE
Target $170
DBAB
Buy
Lam Research price target raised to $170 from $155 at Deutsche Bank
Deutsche Bank analyst Sidney Ho raised his price target for Lam Research to $170 saying the shares are positioned to continue outperforming in the second half of 2017 despite rallying 45% year-to-date. The WFE market is set to reach a record $40B in 2017 and could grow another 5% in 2018, the analyst contends. Lam remains his favorite name in Semicap Equipment.

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TWTR

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SPY

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FB

Facebook

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WMT

Walmart

$104.59

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AAPL

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$178.46

-0.8 (-0.45%)

, NFLX

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$220.46

0.13 (0.06%)

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BA

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AMGN

Amgen

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DNA

Bought by RHHBY

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Exelixis

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WLFC

Willis Lease

$26.66

0.05 (0.19%)

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DPS

Dr Pepper Snapple

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RCII

Rent-A-Center

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AR

Antero Resources

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T

AT&T

$37.21

0.06 (0.16%)

, TWX

Time Warner

$93.36

0.39 (0.42%)

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T

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VZ

Verizon

$51.91

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CMCSA

Comcast

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CMCSK

Comcast

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Dish

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CHTR

Charter

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DIS

Disney

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VIA

Viacom

$39.20

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VIAB

Viacom

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-0.59 (-1.74%)

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GRPN

Groupon

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CELG

Celgene

$102.65

0.93 (0.91%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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