KLA Corp. removed from Analyst Focus List at Citi

Citi analyst Atif Malik removed KLA Corp. from the firm’s Analyst Focus List while keeping a Buy rating on the shares with a $400 price target. KLA shares are up 25% since September 27, which limits the upside to the target price, Malik tells investors in a research note. The analyst maintains KLA as his top Buy-rated equipment pick on its "favorable" wafer fab equipment spending mix next year and further potential multiple expansion on auto/SiC products growth.