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We initiate on Lam Research (NASDAQ:LRCX) with a Neutral rating and a $97 price target. Lam Research manufactures, designs and services advanced processing equipment used by global semiconductor OEMs. While we model solid earnings momentum in the form of $4.01 EPS for
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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