Evercore ISI Group Initiates Coverage On KLA with Outperform Rating, Announces Price Target of $800
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has initiated coverage on KLA Corporation (KLAC) with an Outperform rating and set a price target of $800.

April 16, 2024 | 9:46 am
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Evercore ISI Group initiated coverage on KLA Corporation with an Outperform rating and a price target of $800, indicating a positive outlook on the stock.
The initiation of coverage by a reputable analyst firm like Evercore ISI Group, especially with an Outperform rating and a high price target, typically generates positive investor sentiment towards the stock. This can lead to an increase in stock price in the short term as investors may view the analysis as a strong endorsement of the company's future prospects.
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