Lam Research price target raised to $250 from $200 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Lam Research (LRCX) to $250 from $200 and keeps a Positive rating on the shares. Recent channel checks checks suggest the semiconductor capital equipment industry is preparing for $120B wafter fab equipment spending, the analyst tells investors in a research note. Susquehanna says that with lobal semi revenues trending to over $1 trillion, the wafer fab equipment supply chain must prepare for spending well above $150B. It believes WFE fundamental trends “remain strong.”