KLA Corp. price target raised to $2,000 from $1,950 at JPMorgan

JPMorgan analyst Harlan Sur raised the firm’s price target on KLA Corp. (KLAC) to $2,000 from $1,950 and keeps an Overweight rating on the shares. The company reported a “clean beat-and-raise” quarter and :materially strengthened the forward narrative,” the analyst tells investors in a research note. JPMorgan upped KLA’s forward estimates to reflect its strengthening outlook.