KLA Corp. price target raised to $565 from $560 at JPMorgan

JPMorgan raised the firm’s price target on KLA Corp. to $565 from $560 and keeps an Overweight rating on the shares following the “strong” results and guidance. While industry growth remains challenging, the process control segment of the market and KLA are faring much better than industry trends, the analyst tells investors in a research note. KLA continues to be the firm’s top pick in semiconductor capital equipment.