Morgan Stanley Raises Price Target for KLA Corp Following Strong Earnings
Morgan Stanley raised its price target for KLA Corp (KLAC) to $1,900 from $1,809, maintaining an Overweight rating after the company's strong Q3 earnings. KLA Corp exceeded revenue and earnings expectations, with fiscal third-quarter revenue of $3.415 billion and GAAP diluted earnings of $9.12 per share, both above guidance. The firm also provided a slightly optimistic outlook for the fourth quarter.
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