JPMorgan raised the firm’s price target on KLA Corp. (KLAC) to $1,070 from $900 and keeps an Overweight rating on the shares. The company reported strong June quarter results, reflecting continued strength in leading-edge foundry and high bandwidth memory, combined with accelerating momentum in advanced packaging, the analyst tells investors in a research note. The firm cites better fundamentals and its higher estimates for the target increase.
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