KLA Corp. price target raised to $875 from $760 at Stifel

Stifel analyst Brian Chin raised the firm’s price target on KLA Corp. to $875 from $760 and keeps a Buy rating on the shares. Citing improved checks on fab utilization and test equipment, the firm expects semi equipment companies to meet or modestly exceed guidance/estimates for the June-end quarter and expects companies with higher exposure/sensitivity to unit/consumable growth to guide more favorably relative to expectations into the September-end quarter, the analyst tells investors in a sector preview for the Semiconductor Capital Equipment group.