KLA Corp. price target raised to $750 from $625 at Raymond James

Raymond James raised the firm’s price target on KLA Corp. to $750 from $625 and keeps an Outperform rating on the shares. KLA’s Q3 results and Q4 outlook were both better than consensus driven by a recovery in Foundry and Logic revenues, the analyst tells investors in a research note. The firm believes valuation is justified given secular process control intensity growth, industry-leading margins, and solid cash returns.