Wells Fargo Maintains Overweight on KLA, Lowers Price Target to $870
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph Quatrochi maintains an Overweight rating on KLA (NASDAQ:KLAC) but lowers the price target from $950 to $870.
October 03, 2024 | 5:18 pm
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Wells Fargo has maintained its Overweight rating on KLA but has reduced the price target from $950 to $870, indicating a more cautious outlook.
The reduction in the price target from $950 to $870 by Wells Fargo suggests a more cautious outlook on KLA's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100