Several financial institutions raised their price targets for KLA Corporation and Citigroup throughout July. Morgan Stanley, Stifel, and UBS increased their targets for KLA to a range between $255 and $274, with Stifel maintaining a 'Buy' rating and UBS a 'Neutral' rating. Additionally, Evercore ISI adjusted its price target for Citigroup upward from $139 to $143.
UBS adjusted its KLA Corporation valuation, raising the target to $255 while cautioning against high valuation levels and recent insider selling activity.
Read the full storyStifel hiked KLA Corporation's price target to $270, citing an expected 6.4% sequential increase in semiconductor process control revenue.
Major investment banks revise outlooks for semiconductor and banking sectors, lifting KLA's target to $274 and Citigroup's to $143.