Oppenheimer analyst Edward Yang raised the firm’s price target on Lam Research (LRCX) to $330 from $265 and keeps an Outperform rating on the shares. The firm notes Lam’s Q3 results beat elevated expectations, driven by CSBG and China, but the real standout was a muscular Q4 outlook, showing that the pace of raises is still accelerating despite cleanroom constraints.
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