Lam Research shares are trading higher after Wells Fargo maintained an Equal-Weight rating on the stock and raised its price target from $980 to $1100.
Portfolio Pulse from Benzinga Newsdesk
Lam Research shares are trading higher after Wells Fargo maintained an Equal-Weight rating on the stock and raised its price target from $980 to $1100.
June 17, 2024 | 5:30 pm
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POSITIVE IMPACT
Lam Research shares are trading higher following Wells Fargo's decision to maintain an Equal-Weight rating and raise the price target from $980 to $1100.
The increase in price target from $980 to $1100 by Wells Fargo is a positive signal for investors, indicating confidence in Lam Research's future performance. This has led to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100