Morgan Stanley Maintains Equal-Weight on Lam Research, Lowers Price Target to $774
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Equal-Weight rating on Lam Research but lowered the price target from $929 to $774, indicating a more cautious outlook.
September 17, 2024 | 1:06 pm
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Morgan Stanley has maintained its Equal-Weight rating on Lam Research but lowered the price target from $929 to $774, suggesting a more cautious outlook on the stock.
The lowering of the price target by Morgan Stanley indicates a less optimistic view on Lam Research's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating suggests a neutral stance, but the significant reduction in the price target is likely to weigh on investor sentiment.
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