KLA Corp. price target raised to $740 from $690 at UBS

UBS raised the firm’s price target on KLA Corp. (KLAC) to $740 from $690 and keeps a Neutral rating on the shares. Revenue and market commentary was largely in line with expectations, and UBS believes KLA is doing a “nice” job offsetting greater direct exposure to tariffs versus peers and that the services business is growing a little faster than expected this year, the analyst tells investors in a research note.