Lam Research Shares Rise 5.82% Despite B. Riley Target Cut
Lam Research shares climbed approximately 5.82% to $279.31 as of 11:53 a.m. ET on October 19. B. Riley trimmed its price target ahead of Wednesday's earnings.
Chipmaking-equipment supplier Lam Research NASDAQ:LRCX climbed to $279.31, up approximately 5.82%, as of 11:53 a.m. ET on October 19, even as B. Riley trimmed its price target ahead of Wednesday's earnings. Buyers are pushing higher.
The analyst is pulling its valuation back. That puts more pressur…