Jefferies Assumes Lam Research at Buy, Raises Price Target to $1100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has initiated coverage on Lam Research (LRCX) with a Buy rating and increased the price target to $1100.
May 13, 2024 | 12:26 pm
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Jefferies analyst Blayne Curtis assumes coverage on Lam Research with a Buy rating and sets a new price target of $1100, indicating a positive outlook on the stock.
Analyst ratings, especially from reputable firms like Jefferies, can significantly influence investor sentiment and stock prices in the short term. A Buy rating combined with a substantial increase in the price target suggests a strong bullish outlook for Lam Research, likely leading to increased investor interest and potentially higher stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100