Lam Research stock swings lower after early pop as Citi, Deutsche Bank lift targets ahead of earnings
Lam Research shares fell 2.9% to $221.88 by midday Thursday after an early jump to $238.20, despite Citi and Deutsche Bank raising price targets and reaffirming Buy ratings. The broader chip equipment sector was steady, with the VanEck Semiconductor ETF up 0.7%. Investors await Lam’s quarterly results and guidance on January 28.