KLA Corp. price target lowered to $850 from $925 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse lowered the firm’s price target on KLA Corp. (KLAC) to $850 from $925 and keeps a Neutral rating on the shares. KLA reported a solid beat and raise, highlighting much of what was heard from ASML (ASML) was company-specific, the analyst tells investors in a research note. The firm sees better risk/reward for names that are largely de-risked like ASML and Lam Research (LRCX).