Lam Research BOOSTED by Intel Spending and 4 Stock Analyses to Note
InvenSense Inc (NASDAQ:INVN): Citing lower than expected revenue growth in smartphones, Baird lowered their estimates and price target on InvenSense Inc. However, the firm continues to see growth opportunities in the tablet market. Their Outperform rating is maintained .
PPG Industries Inc. (NYSE:PPG): Bank of America/Merrill is positive about PPG Industries Inc.’s transformation to a global coatings company and believes that the separation of their Chlo-Alkali assets, has unlocked value. Shares are Buy rated.
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Lam Research Corporation (NASDAQ:LRCX): Stifel Nicolaus anticipates a boost in Lam Research’s (NASDAQ:LRCX) December quarter which is due to Intel’s (NASDAQ:INTC) increased spending. The firm assumes that there will be share buybacks to support their stock and they maintain a $60 target price and Buy rating on their shares.
Estee Lauder Companies Inc. (NYSE:EL): Wells Fargo is pleased that Estee Lauder has named Tracey Travis as their new Chief Financial Officer. The firm believes that their stock will expand modestly. They maintain an Outperform rating on their shares.
Baker Hughes Incorporated (NYSE:BHI): After the company reported stronger than expected second quarter results, RBC Capital has increased their target on Baker Hughes. The firm believes that their NAM product lines are performing well and their frac initiatives are beginning to bear fruit. They maintain an Outperform rating.
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