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Fly News Breaks for August 6, 2019
KLAC
Aug 6, 2019 | 08:34 EDT
BofA Merrill Lynch analyst Vivek Arya raised his price target on KLA-Tencor shares to $150 from $140, stating that the company's solid execution and share gains are offsetting macro headwinds. He raised his calendar 2019 sales and EPS estimates by 2% and 3%, respectively, but left his calendar 2020 EPS estimate unchanged at $10.00 to reflect greater China uncertainty, Arya noted. He keeps a Buy rating on KLA-Tencor shares.
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