Citi analyst Atif Malik raised the firm’s price target on Lam Research (LRCX) to $190 from $175 and keeps a Buy rating on the shares. The firm upped wafer fab equipment estimates to reflect rising artificial intelligence investments. Citi remains constructive on the sector.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LRCX: