Lam Research stock jumps near 3% as Evercore lifts target — what LRCX investors watch next
Lam Research shares rose 2.9% to $224.18 by midday Monday after Evercore ISI raised its price target to $241. About 3.9 million shares traded as investors awaited Lam’s January 28 earnings call and the Federal Reserve’s midweek policy decision. Peers were mixed, with Applied Materials down 0.7% and KLA up 2.1%.