Deutsche Bank Maintains Buy on KLA, Lowers Price Target to $750
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Sidney Ho maintains a Buy rating on KLA (NASDAQ:KLAC) but lowers the price target from $890 to $750.
October 31, 2024 | 10:02 am
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NEUTRAL IMPACT
Deutsche Bank has maintained its Buy rating on KLA but has lowered the price target from $890 to $750, indicating a more conservative outlook.
The maintenance of a Buy rating suggests continued confidence in KLA's performance, but the lowered price target reflects a more cautious stance on its valuation. This could lead to neutral short-term price movement as the positive Buy rating is offset by the reduced target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100