Lam Research price target raised to $160 from $130 at B. Riley

B. Riley raised the firm’s price target on Lam Research (LRCX) to $160 from $130 and keeps a Buy rating on the shares. Micron’s (MU) earnings report indicates increasing memory strength, the analyst tells investors in a research note. The firm like Lam’s multi-year “inflection positioning” in DRAM, NAND, and foundry citing its high historic memory exposure.

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