Citigroup Maintains Buy on Lam Research, Lowers Price Target to $990
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Buy rating on Lam Research (NASDAQ:LRCX) but lowers the price target from $1025 to $990.

August 05, 2024 | 12:13 pm
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Citigroup analyst Atif Malik maintains a Buy rating on Lam Research but lowers the price target from $1025 to $990.
The maintained Buy rating suggests continued confidence in Lam Research's performance, but the lowered price target indicates some caution about its near-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100