Citigroup (C) Reiterates "Buy" on Lam (LRCX)

Citigroup (NYSE:C) reiterated its "Buy" rating on Lam Research (NASDAQ: LRCX). They have a price target of $58.00 on the company.

Other brokerages have recently rated Lam Research. Barclays Capital (NYSE: BCS) maintains an "Overweight" rating on the company.

Needham & Company has a price target of $46.00 on Lam, recently upgrading them from a "Hold" rating to a "Buy" rating.

Piper Jaffray (NYSE: PJC) reiterated its "Overweight" rating on Lam Research, placing a price target of $40.00 on the company.

Lam Research was trading at $36.34, gaining $1.48, or 4.25 percent, as of 12:15 PM EST.