KLA Corp. price target raised to $420 from $360 at Wells Fargo

Wells Fargo analyst Joe Quatrochi raised the firm’s price target on KLA Corp. to $420 from $360 and keeps an Overweight rating on the shares. The analyst notes KLA officially announced the introduction of its new Axion T2000 metrology system, which leverages x-ray to measure complex vertical structures of advanced memory chips.