Wells Fargo raised the firm’s price target on KLA Corp. (KLAC) to $870 from $795 and keeps an Overweight rating on the shares. The firm reiterates KLA as its top pick as the company again delivered solid results/guide. Wells remains positive on KLA’s ability to deliver WFE outperformance driven by share gains and rising process control intensity across leading edge F/L & DRAM.
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