Summit Insights upgraded Lam Research (LRCX) to Buy from Hold. The firm expects the company to capture a “disproportionate share” in the upcoming technology transition in DRAM, logic, and NAND, the analyst tells investors in a research note. Risk-reward on the stock remains “favorable” in spite of the recent run-up in the stock price over the past two quarters, thanks to the company’s execution track record and favorable industry setup, the firm added.
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