Lam Research Stock Jumps on Deutsche Bank Upgrade
Semiconductor equipment stock Lam Research Corp (NASDAQ:LRCX) is on the rise today, up 3.1% at $132.30 at last glance, after Deutsche Bank upgraded the stock to "buy" from "hold," with a price-target hike to $150 from $100. The firm cited better conditions in the memory chip market and increasing exposure to advanced foundry spending (global foundry spending is expected to increase amid high demand). Lingering just below its Sept. 23 record high of $133.56, LRCX could still mark a record close today. Shares ...