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Fly News Breaks for January 21, 2020
TSM, MKSI, LRCX
Jan 21, 2020 | 06:47 EDT
Citi analyst Atif Malik opened "Positive Catalyst Watches" on both Lam Research (LRCX) and MKS Instruments (MKSI) ahead of the companies' Q4 results. The analyst raised his global wafer fab equipment spend model to $47B and $55B from $45B and $51B to reflect the recent TSMC (TSM) capex hike and media reports that Samsung will double memory equipment spend after a sharp decline last year. Malik also raised his price target for Buy-rated Lam Research to $360 from $330 and Buy-rated MKS to $140 from $124. Lam is his top large cap pick in Semiconductor Capital Equipment while MKS is his top SMID pick.