KLA Corp. price target raised to $700 from $650 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on KLA Corp. to $700 from $650 and keeps a Hold rating on the shares. The firm said they reported a March quarter beat and raise as 1Q was the bottom and the business should grow through C2024. Process control is expected to grow in line with WFE, while low-teens growth in Services is a positive on improving customer fab utilization rates.