Citi analyst Atif Malik opened a 90-day "positive catalyst watch" on shares of Lam Research and keeps a Buy rating on the shares with a $560 price target. Citi expects the stock to outperform the group after relative underperformance in the last six months on weak memory end demand and capex cut concerns. It expects NAND, Lam’s biggest end market, pricing news flow to improve in the next three months.
Published first on TheFly
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