Citigroup Maintains Buy on Lam Research, Lowers Price Target to $893
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Buy rating on Lam Research (NASDAQ:LRCX) but lowers the price target from $990 to $893.

September 16, 2024 | 5:45 pm
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Citigroup's analyst Atif Malik maintains a Buy rating on Lam Research but lowers the price target from $990 to $893, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Lam Research's prospects, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100