Citigroup Maintains Buy on KLA, Lowers Price Target to $900
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Buy rating on KLA (NASDAQ:KLAC) but lowers the price target from $960 to $900.
September 16, 2024 | 5:42 pm
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Citigroup's analyst Atif Malik maintains a Buy rating on KLA but reduces the price target from $960 to $900, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in KLA's performance, but the lowered price target indicates a tempered outlook on its potential upside. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100