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Fly News Breaks for February 24, 2020
LRCX
Feb 24, 2020 | 06:56 EDT
Citi analyst Atif Malik closed his "Catalyst Watch" on Lam Research due to growing disruption to the China supply chain from the coronavirus outbreak. The analyst says that while equipment makers like Lam took a conservative approach to March quarter guidance to reflect the impact from the coronavirus, he sees increasing risk from labor supply chain shortages. Malik keeps a Buy rating on the shares.