Raymond James lowered the firm’s price target on Lam Research (LRCX) to $90 from $100 and keeps an Outperform rating on the shares. Lam Research reported another strong quarter and offered well-above consensus Q4 outlook driven by continued recovery in NAND and more importantly, solid progress in Foundry, the analyst tells investors in a research note. The firm thinks Lam is well-positioned to outgrow the market driven by share gains and technology inflections.
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