Barclays analyst Tom O’Malley raised the firm’s price target on Lam Research (LRCX) to $275 from $255 and keeps an Equal Weight rating on the shares. The firm updated the company’s model post earnings.
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Read More on LRCX:
- Lam Research: Sustained Buy on Above-Consensus Growth, Market Share Gains, and Multi-Year WFE Upside
- Closing Bell Movers: Tesla reverses post-earnings gains, IBM slips after Q1
- Lam Research reports Q1 adjusted gross margin 49.9%
- Lam Research sees Q2 adjusted gross margin 50.5% +/- 1%
- Lam Research reports Q1 adjusted EPS $1.47, consensus $1.36