KLA Corp. price target raised to $850 from $725 at Deutsche Bank

Deutsche Bank raised the firm’s price target on KLA Corp. (KLAC) to $850 from $725 and keeps a Buy rating on the shares. KLA reported “yet another solid print,” with revenue upside driven by continued momentum in high-bandwidth memory and leading edge spending, the analyst tells investors in a research note. The firm expects KLA’s fundamentals to continue to outperform peers in the near term, saying the rising difficulty of semis manufacturing against an uncertain cyclical environment “should offer an attractive combination of both offensive and defensive traits.”