JPMorgan raised the firm’s price target on KLA Corp. to $560 from $445 and keeps an Overweight rating on the shares post the fiscal Q4 results. Amid a weak wafer fab equipment spending environment, the process control segment of the market and KLA are faring much better than industry trends, the analyst tells investors in a research note. The firm says the company is very well positioned to benefit from the strong demand trends as industry dynamics reaccelerate.
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