Lam Research stock stalls near highs as BofA lifts target to $245, more boosts follow
Lam Research shares were little changed on Tuesday after Bank of America raised its price target on the chipmaking equipment supplier to $245 from $195 and kept a Buy rating. The stock was down 0.1% at $220.26 in midday trading. BofA cited a stronger multi-year demand outlook and improving visibility as it lifted targets across its semiconductor equipment coverage.
