KLA Corp. price target raised to $650 from $525 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on KLA Corp. to $650 from $525 and keeps a Market Perform rating on the shares. The firm noted its results were above the Street view but March 2024 guidance was below. Process Control is more leading edge driven and demand could remain muted until recovering later in CY24.