KLA Corp. price target raised to $1,700 from $1,595 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on KLA Corp. (KLAC) to $1,700 from $1,595 and keeps an Overweight rating on the shares following the earnings report. The company is pointing to another year of low double-digit growth with continued share gains and outperformance versus wafer fab equipment, the analyst tells investors in a research note.