Stifel Reiterates Buy on Lam Research, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brian Chin has reiterated a Buy rating on Lam Research (NASDAQ:LRCX) but has lowered the price target from $105 to $100.
October 24, 2024 | 4:04 pm
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Stifel analyst Brian Chin maintains a Buy rating on Lam Research but reduces the price target from $105 to $100, indicating a slightly less optimistic outlook.
The reiteration of a Buy rating suggests continued confidence in Lam Research's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100