Morgan Stanley Provides Color on KLA-Tencor Corporation, Equal-Weight

Morgan Stanley provided color on KLA-Tencor Corporation KLAC. In a research report published today, Morgan Stanley stressed its belief that the company's stock will rise over the next 60 days. In the report, Morgan Stanley states, “We believe the share price will rise relative to the industry over the next 60 days... We estimate that there is about a 60% to 70% or "likely" probability for the scenario.” At the moment, Morgan Stanley has an Equal-weight rating placed on the company's stock. On Thursday, KLA-Tencor added 1.57% to its value to finish the day at $39.46.