TD Cowen lowered the firm’s price target on Lam Research to $710 from $750 and keeps an Outperform rating on the shares. The firm noted they reported Sept quarterly results and December quarter guidance above consensus, they expect margins to be pressured in the near term, but the long term thesis is unchanged.
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Read More on LRCX:
- Lam Research (NASDAQ:LRCX) Gets Wall Street Backing after Shares Dive
- Lam Research price target lowered to $700 from $720 at JPMorgan
- Lam Research Corporation Reports Financial Results for the Quarter Ended September 24, 2023
- Lam Research sees Q4 EPS $6.03-$7.53, consensus $6.79
- Lam Research reports Q3 non-GAAP EPS $6.85, consensus $6.12