UBS Maintains Buy on Lam Research, Lowers Price Target to $1150
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Buy rating on Lam Research (NASDAQ:LRCX) but lowers the price target from $1250 to $1150.
September 12, 2024 | 3:27 pm
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UBS analyst Timothy Arcuri maintains a Buy rating on Lam Research but lowers the price target from $1250 to $1150, indicating a positive outlook with some caution.
The maintained Buy rating suggests continued confidence in Lam Research's performance, but the lowered price target indicates some caution about future growth or market conditions. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100