RBC Capital analyst Srini Pajjuri raised the firm’s price target on KLA Corp. (KLAC) to $1,600 from $1,550 and keeps a Sector Perform rating on the shares. The company reported a “decent” quarter, though its commentary was less bullish than expected and the management’s WFE growth outlook for low double-digits was below that of peer Lam Research (LRCX), the analyst tells investors in a research note.
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