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Lam Research price target raised to $82 from $81 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Lam Research (LRCX) to $82 from $81 and keeps an Equal Weight rating on the shares. Lam results and guidance are better than expected for the first half of the year given a strong surge in foundry, though the company continues to characterize calendar year 2025 as front half loaded and the firm budgets for second half declines, the analyst tells investors.

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