BUZZ-Bernstein launches coverage on KLA with 'outperform'
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Bernstein has initiated coverage on KLA Corpwith an 'outperform' rating and a price target of $1,700, indicating an approximate 18% upside from the stock's last close. The brokerage highlights KLA's leading position in the Process Control segment of semiconductor manufacturing, with over 57% market share. They expect continued share gains due to KLA's strong competitive position and favorable growth mix. KLA's outlook for CY26 has already accounted for normalization in China, reducing risks associated with its China exposure. Currently, 16 out of 30 brokerages recommend a 'buy' or higher rating for KLA.
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