JP Morgan Starts Coverage on KLA-Tencor at "Overweight" (KLAC)

JP Morgan Starts Coverage on KLA-Tencor at “Overweight” (KLAC)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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