Barclays Upgrades KLA to Equal-Weight, Raises Price Target to $765
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has upgraded KLA (NASDAQ:KLAC) from Underweight to Equal-Weight and raised the price target from $630 to $765.
June 05, 2024 | 1:53 pm
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Barclays analyst Tom O'Malley has upgraded KLA from Underweight to Equal-Weight and raised the price target from $630 to $765.
The upgrade from Underweight to Equal-Weight and the significant increase in the price target from $630 to $765 by Barclays is likely to positively impact KLA's stock price in the short term. Analyst upgrades and higher price targets generally lead to increased investor confidence and buying activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100