KLA Corp. price target raised to $1,900 from $1,800 at Oppenheimer

Oppenheimer raised the firm’s price target on KLA Corp. (KLAC) to $1,900 from $1,800 and keeps an Outperform rating on the shares. The firm says that KLA’s Investor Day was materially more positive than expected, significantly raising both near- and long-term targets, while characterizing market conditions as something it “could not design better.” KLA remains one of the highest-quality growth franchises in semicap, argues Oppenheimer.