Lam Research stock pulls back after-hours as fresh $260 Buy call runs into Jan. 28 earnings
Lam Research shares fell 1.9% to $203.08 Wednesday, snapping a three-day rally and closing about 3.5% below Tuesday’s 52-week high. Trading volume rose above average as chip stocks weakened. Aletheia Capital began coverage with a Buy rating and $260 target. Lam will report December-quarter earnings on Jan. 28.