Lam Research (LRCX, NASDAQ): To the Insiders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 159.33

-1.8%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (5597)	1/18/2007 11:21:20 PM
From: heavenly	of 5867

09:32 am Lam Research: Needham & Co downgrades Strong Buy to Buy. Target $62. Needham downgrades LRCX to Buy from Strong Buy with a $62 tgt saying while Lam posted good December numbers coupled with orders up 7% sequentially, they guided to the March quarter being down 5 to 7%, but the June quarter being up 25% from there. The firm takes their ests down slightly to account for the more conservative outlook but even with the reduced estimates the stock still represents an attractive valuation so they have a Buy rating on it based primarily on valuation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next