KLA Corp. price target raised to $410 from $325 at Cowen

Cowen analyst Krish Sankar raised the firm’s price target on KLA Corp. to $410 from $325 and keeps a Market Perform rating on the shares. The analyst noted they reported upside results, but the March outlook was below the Street as customers adjust capacity plans and lower fab utilization. Cowen said gven their current view of the cycle, they believe KLAC sales could trough in C2H23.