JPMorgan raised the firm’s price target on Lam Research (LRCX) to $300 from $165 and keeps an Overweight rating on the shares following the earnings report. The firm says Lam’s results, guidance and commentary all point to a “highly favorable outlook.” Customer expedited requests remain elevated amid a rush to ramp node transitions, and Lam has done well operationally, the analyst tells investors in a research note.
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