Barclays analyst Tom O’Malley raised the firm’s price target on KLA Corp. (KLAC) to $1,300 from $1,200 and keeps an Overweight rating on the shares following the earnings report. The company posted modestly better results, seeing a smaller Bureau of Industry and Security impact than peers, the analyst tells investors in a research note.
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- KLA Corp. reports Q1 non-GAAP EPS $8.81, consensus $8.62
- KLA Corp. sees Q2 EPS , consensus $7.92-$9.48, consensus $8.51