Barclays Maintains Equal-Weight on KLA, Lowers Price Target to $750
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on KLA (NASDAQ:KLAC) but has lowered the price target from $800 to $750.
October 31, 2024 | 5:43 pm
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Barclays has maintained its Equal-Weight rating on KLA but reduced the price target from $800 to $750, indicating a more cautious outlook.
The lowering of the price target by Barclays suggests a more cautious outlook on KLA's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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