KLA Corp. price target raised to $1,700 from $1,600 at Stifel

Stifel analyst Brian Chin raised the firm’s price target on KLA Corp. (KLAC) to $1,700 from $1,600 and keeps a Buy rating on the shares. The firm believes KLA’s outlook and a lack of bigger upward estimate revisions will be viewed as “slightly disappointing,” but it also believes KLA “remains a core, high quality holding amidst a strengthening semi spending environment,” the analyst tells investors in a post-earnings note.