Two Chip-Gear Stocks Soar On Bullish Report Ahead Of Big Conference

Morgan Stanley raised its price targets on two major chip-gear stocks on Friday ahead of Semicon West, a semiconductor capital equipment conference that will run July 11-13 in San Francisco.

Morgan Stanley analyst Joseph Moore reiterated his overweight ratings on Applied Materials (AMAT) and Lam Research (LRCX). He increased his price target on Applied Materials to 52 from 47 and upped his target on Lam to 168 from 135.

Applied Materials was up 3.4%, near 43.60, in afternoon trading on the...

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