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Fly News Breaks for October 30, 2018
KLAC
Oct 30, 2018 | 08:35 EDT
UBS analyst Timothy Arcuri said KLA-Tencor remains his favorite SPE stock with 2019 still set up as a big WFE share gain for the company. The analyst said the spending mix is set to shift to foundry/logic, and EUV is leading to finite spending dollars being re-allocated from wafer capacity to linear scaling stories like KLA. Arcuri reiterated his Buy rating and lowered his price target to $135 from $140 on KLA-Tencor shares.
News For KLAC From the Last 2 Days
KLAC
Apr 29, 2024 | 07:31 EDT
Citi analyst Atif Malik raised the firm's price target on KLA Corp. to $760 from $725 and keeps a Buy rating on the shares. KLA reported a "beat and raise" quarter and expects wafer fab equipment to be flat to up in 2024, the analyst tells investors in a research note. Overall, the firm continues to believe the semiconductor capital group remains in "Phase 2 recovery" with upside to Street 2025 WFE expectations driving further positive revisions for the group and KLA.
