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Stifel Nicolaus is out with its report today on Lam Research
LRCX, maintaining Buy.
In a note to clients, Stifel Nicolaus writes, "Despite the uncertain state of the industry, we believe Lam remains one of the best positioned companies in the long term, and a potential outperformer once again in 2012. We maintain our Buy rating and our $64 price target, based on 10x our FY12 (June) EPS estimate of $6.25, excluding options."
At the time of posting, shares of LRCX were trading at $43.80, up 1.31% from Wednesday's close.
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