JP Morgan Starts Coverage on KLA-Tencor at “Overweight” (KLAC)
JP Morgan reported on Monday that it has initiated coverage on KLA-Tencor Corporation (KLAC).
The firm has started coverage on KLAC with an “Overweight” rating and $76 price target. This price target suggests a 19% increase from the stock’s current price of $61.68.
Analysts believe that the company will be positively affected by an increasing yield and metrology challenges on next generation process technologies
KLA-Tencor shares were mostly flat during pre-market trading Monday. The stock is up 29% YTD.
The Bottom Line
Shares of KLA-Tencor Corporation (KLAC) have a 2.92% yield based on Friday’s closing price of $61.68.
KLA-Tencor Corporation (KLAC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability