KLA Corp. price target raised to $1,500 from $1,125 at Susquehanna

Susquehanna raised the firm’s price target on KLA Corp. (KLAC) to $1,500 from $1,125 and keeps a Neutral rating on the shares. Recent channel checks checks suggest the semiconductor capital equipment industry is preparing for $120B wafter fab equipment spending, the analyst tells investors in a research note. Susquehanna says that with lobal semi revenues trending to over $1 trillion, the wafer fab equipment supply chain must prepare for spending well above $150B. It believes WFE fundamental trends “remain strong.”