BofA raised the firm’s price target on KLA Corp. (KLAC) to $1,650 from $1,450 and keeps a Buy rating on the shares. The firm raised targets across its semicap coverage given a stronger multi-year demand outlook, increasing visibility, greater customer diversification and the potential for higher free cash flow generation in the upturn.
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Read More on KLAC:
- KLA Corp. upgraded to Buy from Hold at TD Cowen
- KLA Corp. price target raised to $1,500 from $1,125 at Susquehanna
- KLA Corp. price target raised to $1,750 from $1,500 at Cantor Fitzgerald
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