Wolfe Research downgraded Lam Research (LRCX) to Peer Perform from Outperform without a price target The firm cites Lam’s greater relative exposure to NAND for the downgrade, as it has become “incrementally bearish.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX:
- Lam Research price target lowered to $90 from $100 at Needham
- Lam Research price target lowered to $90 from $95 at Mizuho
- Early notable gainers among liquid option names on January 6th
- Nvidia’s (NVDA) Popularity Rises Among Fund Managers, According to BofA
- Lam Research initiated with a Neutral at Cleveland Research