Lam Research (LRCX) stock slips despite fresh Bernstein target as jobs, CPI loom
Lam Research shares dropped 0.6% to $229.73 by late morning Monday, after touching $223.61 earlier in the session. Bernstein raised its price target on Lam to $285 and kept an Outperform rating. Investors are watching for the delayed U.S. payrolls report and January CPI later this week for signals on interest rates. Applied Materials reports quarterly results Thursday, which may influence chip-equipment stocks.