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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (3206)8/3/1999 7:52:00 PM
From: Bob Kim  Read Replies (1) | Respond to of 5867
 
Duker, Would this qualify as "marginally more useful"?

Merrill's analyst raised his price target to $61 on Monday. That followed his lowering of the price target in June from $44 to $42. And I won't get into the "also-ran" comment.

Despite LRCX's relatively low 2-2 rating at ML, the analyst (probably with reluctance) assigned LRCX the same 30x target multiple he gives to most of his 1-1 (Buy-rated stocks).

Bob


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