Lam Research shares are trading lower after UBS lowered its price target on the stock from $1250 to $1150.
Portfolio Pulse from Benzinga Newsdesk
Lam Research shares declined following UBS's decision to lower its price target from $1250 to $1150.
September 12, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
UBS has reduced its price target for Lam Research from $1250 to $1150, leading to a decline in the company's stock price.
The reduction in the price target by UBS suggests a less optimistic outlook for Lam Research, which typically results in a negative market reaction. This is reflected in the immediate decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100