KLA Corp. price target raised to $725 from $700 at Citi

Citi raised the firm’s price target on KLA Corp. to $725 from $700 and keeps a Buy rating on the shares ahead of the March quarter report. The firm views the company’s decision to exit the flat panel display business by end of 2024 as immaterial to the company’s total revenue and growth. The firm says KLA faces secular tailwinds from higher government spending and multiple new product cycles.