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Fly News Breaks for August 6, 2019
KLAC
Aug 6, 2019 | 06:22 EDT
UBS analyst Timothy Arcuri raised his price target on KLA-Tencor to $150 and kept his Buy rating after its Q4 earnings beat, saying the company is in the "early innings" of re-emerging favorable tailwinds. The analyst cites the first "real foundry/logic" spending cycle in over 5 years along with the upcoming ramp in AI technology, noting that the company is "highly levered" to the broader computing "arms race".
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