JP Morgan Maintains Neutral Rating and $43 PT on KLA-Tencor

Loading...
Loading...
A report from J.P. Morgan reiterates its Neutral rating and $43 price target on KLA-Tencor
KLAC
. The report states, “Our Neutral rating reflects the net of KT's relatively high margins & dividend program coupled with our belief that the company will benefit less than peer companies that have better overall customer exposure in our view and who also plan significant share repurchase. Our new C11 rev/EPS estimates are $1.27bn/$4.49 vs. previous $3.13bn/$4.56. Our new C12 estimates are $2.63bn/$2.97 vs. previous $2.48bn/$2.82. KLAC currently trades at 3.1x C12E revenue vs. our SemiCap group avg. of 1.8x." KLAC closed yesterday at $47.31.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsDividendsReiterationBuybacksAnalyst RatingsJP Morgan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...