This morning, Credit Suisse lowered its EPS estimates on shares of Lam Research (NASDAQ:LRCX) through 2012 as capex spending is expected to slow across the industry. With the lower earnings estimates, Credit Suisse maintained its outperform rating, but set a new price target of $60 per share.
In morning trading, shares of LRCX were lower, falling 0.4% so far.
And UBS lowered its price target on shares of Marathon Oil (NYSE:MRO) to $40 as the company completed its spin-off of Marathon Petroleum (NYSE:MPC) this week. With the lower price target, UBS maintained its buy rating.
Shares of MRO were higher on Friday, gaining 1.4% today.
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