Fly News Breaks for February 13, 2020
Feb 13, 2020 | 05:36 EDT
Stifel analyst Patrick Ho raised his price target for Applied Materials (AMAT) to $80 from $72 saying the company last night delivered another "beat and raise" quarter. Further, and perhaps more importantly, Applied Materials reiterated the strong wafer fab equipment outlook Lam Research (LRCX) provided earlier this earnings season, Ho tells investors in a research note. With the drivers in place for sustained foundry/logic spending and a recovery in NAND flash, Applied is positioned to "strongly outperform" in 2020, contends the analyst, who reiterates a Buy rating on the shares.
News For AMAT;LRCX From the Last 2 Days
Jan 28, 2021 | 06:45 EST
Mizuho analyst Vijay Rakesh raised the firm's price target on Lam Research to $575 from $530 and keeps a Buy rating on the shares. The company reported a good December quarter and guided strong, Rakesh tells investors in a research note.
Jan 27, 2021 | 16:11 EST
Sees Q3 revenue $3.7B +/- $200M, consensus $3.31B.
Jan 27, 2021 | 14:30 EST
Notable companies reporting after the market close, with earnings consensus, include Apple (AAPL), consensus $1.41... Tesla (TSLA), consensus $1.01... Facebook (FB), consensus $3.22... ServiceNow (NOW), consensus $1.05... Stryker (SYK), consensus $2.55... Lam Research (LRCX), consensus $5.72... Crown Castle (CCI), consensus 63c... Edwards Lifesciences (EW), consensus 53c... Las Vegas Sands (LVS), consensus (32c)... Teradyne (TER), consensus $1.01... Hologic (HOLX), consensus $2.17... United Rentals (URI), consensus $4.23... Whirlpool (WHR), consensus $6.07... Cree (CREE), consensus (25c)... SLM Corp (SLM), consensus 35c... Avnet (AVT), consensus 39c.