Lam Research, Other Chip-Gear Stocks Earn Price-Target Hikes

Several top chip-gear suppliers received price-target increases to their stocks on Friday from investment bank Needham.

Needham analyst Edwin Mok raised his price targets on Advanced Energy Industries (AEIS), Ichor Holdings (ICHR), Lam Research (LRCX) and Ultra Clean Holdings (UCTT) — all of which he rates as buy.

Mok upped his targets as follows: Advanced Energy Industries to 93 from 80, Ichor to 36 from 30, Lam Research to 220 from 200, and Ultra Clean Holdings to 36 from 30.

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