KLA Corp. price target lowered to $725 from $760 at TD Cowen

TD Cowen lowered the firm’s price target on KLA Corp. (KLAC) to $725 from $760 and keeps a Hold rating on the shares. The firm said they reported another beat/raise quarter on strong foundry/logic spending at 2nm/3nm nodes and services demand, driving high-teen% H2/H1 growth.