KLA Corp. price target lowered to $1,700 from $1,850 at Jefferies

Jefferies analyst Blayne Curtis lowered the firm’s price target on KLA Corp. (KLAC) to $1,700 from $1,850 and keeps a Buy rating on the shares. The firm remains positive on the company’s improved near-term outlook with 2030 targets assuming increasing capital intensity and share pushing the high-end of the long-term range to $26B in revenue and $84 EPS, the analyst tells investors in a research note.