Oppenheimer analyst Edward Yang raised the firm’s price target on KLA Corp. (KLAC) to $740 from $700 and keeps an Outperform rating on the shares. The firm notes the company posted another solid Q3 ahead of guidance mid-point, issued a modestly positive outlook, 12% dividend hike, and $5B in new buyback authorization. But it surprisingly postponed its June Investor Day due to “far from clear” “potential second-order effects on macro demand.”
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