Barclays Raises Price Target for Lam Research (LRCX) Amid Stronger Wafer Fab Equipment Outlook
On June 18, Barclays analyst Tom O’Malley raised the price target on Lam Research from $275 to $335 while maintaining an 'Overweight' rating. The adjustment follows improved estimates for the wafer fabrication equipment sector and a stronger-than-expected capex cycle.
