Wells Fargo Maintains Equal-Weight on Lam Research, Lowers Price Target to $880
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph Quatrochi has maintained an Equal-Weight rating on Lam Research (NASDAQ:LRCX) but has lowered the price target from $1000 to $880.
October 03, 2024 | 5:23 pm
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Wells Fargo has maintained its Equal-Weight rating on Lam Research but reduced the price target from $1000 to $880, indicating a more cautious outlook.
The reduction in the price target from $1000 to $880 by Wells Fargo suggests a more cautious outlook on Lam Research's future performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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