Lam Research price target raised to $142 from $83 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Lam Research (LRCX) to $142 from $83 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for the semiconductors and semiconductor capital equipment sector. The firm is “getting more selective” on companies with direct artificial intelligence exposure following the recent stock moves. Certain stocks are pricing in much of the full benefit of AI deployment, the analyst tells investors in a research note.