If indeed we see a robust recovery, Lam will be one of the first of the sector to surpass its old highs IMO. Over an 18 month timeframe, I believe $39 could prove very conservative....
08:30 ET Soundview raises targets for semi stocks : In addition to their AMD upgrade (7:28), Soundview says INTC's preannouncement provides further evidence of broad-based semiconductor recovery and raises targets for the following semi stocks: LSI (to $14 from $12), CREE ($15 from $11), TXN ($27 from $24), ATYT ($18 from $14), NVDA ($19 from $16), CY ($18 from $11), ALTR ($24 from $19), XLNX ($29 from $27), FCS ($21 from $16), NVLS ($45 from $39), KLAC (to $69 from $57), AMAT ($27 from $22), LRCX ($39 from $27). Firm also initiates coverage of ASML with an Outperform rating and $27 target, calling the co its top pick due to its mkt leadership, above-avg mkt growth, and enticing valuation. |
