Mizuho lowered the firm’s price target on Lam Research (LRCX) to $87 from $90 and keeps an Outperform rating on the shares. The company’s guidance is “better than feared” with NAND stronger, the analyst tells investors in a research note. The firm believes Lam is positioned well for artificial intelligence and memory wafer fab equipment into 2025E, with NAND recovering “adding another tailwind.”
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