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Lam Research, Teradyne upgraded on market position

Mar. 27, 2020 9:52 AM ETLRCX, TERBy: Brandy Betz, SA News Editor
  • Deutsche Bank upgrades Lam Research (NASDAQ:LRCX) and Teradyne (NASDAQ:TER) from Hold to Buy.
  • Analyst Sidney Ho writes that both stocks "fit in the bucket of high-quality names and market leaders that should see their share prices declining less in a down-market and go up first in a market recovery."
  • Ho praises Lam's balance sheet and sees WFE spending as "likely to be more resilient." He sees 5G as the tailwind for Teradyne.
  • Deutsche raises Lam's target from $280 to $300 and lowers TER from $73 to $68.
  • LRCX and TER have Bullish average Sell Side ratings.

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