Redburn Atlantic Initiates Coverage On KLA with Neutral Rating, Announces Price Target of $550
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Timm Schulze-Melander has initiated coverage on KLA Corporation (NASDAQ:KLAC) with a Neutral rating and set a price target of $550 for the stock.
November 22, 2023 | 11:16 am
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Redburn Atlantic has initiated coverage on KLA Corporation with a Neutral rating and a price target of $550.
The initiation of coverage by Redburn Atlantic with a Neutral rating suggests that the analyst sees the stock as fairly valued at its current price. The price target of $550 indicates a potential upside or stabilization, but the Neutral rating does not imply significant short-term movement. Therefore, the impact on the stock price is likely to be minimal in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100