Standpoint Research Starts Lam Research (LRCX) at Buy, $60 Price Target

Standpoint ResearchStandpoint Research initiated coverage on Lam Research (NASDAQ: LRCX) with a Buy rating and a $60 price target.

The firm believes the stock will move on news of a deal between Applied Materials (Nasdaq: AMAT) and Varian Semi (Nasdaq: VSEA). The Standpoint analyst said "I am going out with this recommendation even though my analysis has not yet been completed, because the risk of the stock moving on this news outweighs the risk involved in not going out with this before my analysis is completed."

For more ratings news on Lam Research click here and for the rating history of Lam Research click here.

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