Stifel raised the firm’s price target on KLA Corp. (KLAC) to $1,260 from $1,050 and keeps a Buy rating on the shares. Fiscal Q1 EPS exceeded the firm’s and consensus estimates with guidance for Q2 also slightly ahead of expectations, the analyst tells investors. Based on its track record of delivering consistent, high-quality revenue growth over time, the firm sees KLA warranting a premium to the broader market, the analyst added.
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