UBS analyst Timothy Arcuri raised the firm’s price target on Lam Research (LRCX) to $120 from $95 and keeps a Buy rating on the shares. The firm sees an upward bias to Q4 results supported by ongoing Samsung (SSNLF) NAND upgrades, some upside from TSMC (TSM), and a strong China, the analyst tells investors in a research note. The firm expects Lam to remain constructive on WFE commentary thinks it will be “quite bullish” on the outlook for both the market and its share.
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