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After a sell rating late last year, I triple upgraded Lam Research Corporation (NASDAQ:LRCX) to a strong buy rating in February, citing bullish technicals and undervaluation. The stock has seen respectable gains of around 17% since that article. With
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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