Market Overview

UPDATE: Bank Of America Reiterates On KLA-Tencor Following Company Analyst Day

Share:
Related KLAC
Benzinga's Top Upgrades, Downgrades For December 19, 2016
Goldman On KLA-Tencor, Lam Research: Stay Bullish Into 2017

In a report published Wednesday, Bank of America analyst Krish Sankar reiterated a Buy rating on KLA-Tencor (NASDAQ: KLAC), and raised the price target from $75.00 to $86.00.

In the report, Bank of America noted, “KLA is the leader in semiconductor inspection and measurement equipment. It is the only company with a comprehensive suite of tools for improving yields in a fab. As technology advances, yield problems become tougher, requiring more process control, driving inspection and measurement to grow faster than the industry. KLA benefits from this trend and, due to efficient operations and pricing power, leverages the growth with industry-leading margins to reach higher through-cycle earnings power.”

KLA-Tencor closed on Tuesday at $74.09.

Latest Ratings for KLAC

DateFirmActionFromTo
Dec 2016Goldman SachsInitiates Coverage OnBuy
Oct 2016Summit Redstone PartnersDowngradesNeutralSell
Oct 2016NeedhamUpgradesHoldBuy

View More Analyst Ratings for KLAC
View the Latest Analyst Ratings

Posted-In: Bank of America Krish SankarAnalyst Color Price Target Analyst Ratings

 

Related Articles (KLAC)

View Comments and Join the Discussion!