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

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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
Apr 2017SusquehannaDowngradesNeutralNegative
Dec 2016Goldman SachsInitiates Coverage OnBuy
Oct 2016Summit Redstone PartnersDowngradesNeutralSell

View More Analyst Ratings for KLAC
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Posted-In: Bank of America Krish SankarAnalyst Color Price Target Analyst Ratings

 

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