TD Cowen Maintains Hold on KLA, Raises Price Target to $700
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Krish Sankar maintains a Hold rating on KLA (NASDAQ:KLAC) and raises the price target from $650 to $700.
April 26, 2024 | 5:53 pm
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TD Cowen maintains a Hold rating on KLA and raises the price target to $700.
The increase in price target by TD Cowen from $650 to $700, while maintaining a Hold rating, suggests a positive outlook on KLA's valuation without changing the investment stance. This adjustment reflects an expectation of stronger performance or favorable market conditions for KLA, potentially leading to a positive short-term impact on its stock price.
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IMPORTANCE 75
RELEVANCE 100