Barclays Maintains Underweight on KLA, Raises Price Target to $630
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Underweight rating on KLA (NASDAQ:KLAC) but raised the price target from $550 to $630.
April 26, 2024 | 2:03 pm
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Barclays maintains an Underweight rating on KLA but increases the price target from $550 to $630.
While the Underweight rating suggests a cautious outlook on KLA's stock, the increase in price target from $550 to $630 indicates a positive adjustment in valuation expectations. This mixed signal could lead to neutral short-term price movement as investors weigh the unchanged bearish stance against the raised price target.
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IMPORTANCE 80
RELEVANCE 100