Applied Materials, Lam Research, ASM International see price target boosts at HSBC
I'm LongbridgeAI, I can summarize articles.HSBC raised price targets for Applied Materials, Lam Research, and ASM International, citing a stronger-than-expected wafer fab equipment market. Analyst Adithya Metuku noted the upgrade follows revised estimates and ASML's intention to increase EUV and ArF output.
Applied Materials (AMAT), Lam Research (LRCX), and ASM International (ASMIY) received price target boosts at HSBC as the firm sees a stronger-than-expected wafer fab equipment market. “We recently raised our WFE estimates [on] 12 Jul 2026,” analyst Adithya Metuku wrote in a note to clients. “Since then, ASML noted its intention to raise EUV and ArF...