Berenberg raised the firm’s price target on KLA Corp. (KLAC) to $900 from $880 and keeps a Buy rating on the shares. The firm says its outlook for capex in the semiconductor sector is broadly unchanged since January, as the potential impact on its end markets from U.S. tariffs and the artificial intelligence diffusion rules appears smaller than it feared in early April. Berenberg forecasts that spending on wafer fab equipment will rise by 3% in 2025 and 4% 2026.
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