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Why KLA Corporation Stock Edged Past the Broader Market Today
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A substantial analyst price target increase was the impetus behind KLA Corporation's (NASDAQ: KLAC) market-beating Wednesday. Although the semiconductor diagnostics company's shares still landed in the red that trading session, with a 0.2% decline, they performed better than the benchmark S&P 500 index, which fell by 1.6%.That raiser was Cantor Fitzgerald's C.J. Muse, who lifted his fair value assessment for KLA by 25% in advance of the company's 10-for-1 stock split (slated to occur this coming Friday). It's now $2,000 per share, up notably from his previous price target of $1,600. He maintained his overweight (read: buy) recommendation on the highly specialized chip stock. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool