Barclays analyst Tom O’Malley lowered the firm’s price target on KLA Corp. (KLAC) to $590 from $760 and keeps an Equal Weight rating on the shares. The firm updated semiconductor and semiconductor capital equipment models to reflect tariffs and the trade war ahead of Q1 earnings. The analyst reduced target multiples on China and consumer risk.
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Read More on KLAC:
- KLA Corp. price target lowered to $805 from $900 at BofA
- KLA Corp. price target lowered to $750 from $825 at Stifel
- BofA Reaffirms Broadcom and Nvidia Stocks (NVDA) as Top Picks after Tariff Pause
- KLA Corp. price target lowered to $700 from $850 at Oppenheimer
- KLA Corp. price target lowered to $800 from $910 at Citi
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