Keybanc Downgrades KLA to Sector Weight
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Steve Barger has downgraded KLA (NASDAQ:KLAC) from Overweight to Sector Weight.
July 07, 2023 | 8:24 am
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KLA's stock rating has been downgraded by Keybanc from Overweight to Sector Weight, which may negatively impact its stock price in the short term.
Analyst ratings often influence investor sentiment and can impact a company's stock price. A downgrade from Overweight to Sector Weight suggests that the analyst believes the stock may perform in line with the average return of the sector, rather than outperforming it. This could lead to a decrease in demand for the stock, potentially causing its price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100