Kulicke and Soffa Upgraded, Shares Soar 10.6% (KLIC)

Shares of Kulicke and Soffa Industries, Inc. KLIC are trading up 10.6% at $8.45 per share during the Friday morning trading session. Oppenheimer raised its rating of the company's shares from Underperform to Outperform and raised its price target from $5 to $11 per share. The day's range for shares of Kulicke and Soffa Industries, Inc has been between $7.99 and $8.49 per share. The average price target of analysts who cover Kulicke and Soffa Industries, Inc. (KLIC) is $7.50 per share. Volume of 3.2 million shares is already nearly double the daily average volume of 1.8 million shares. Kulicke and Soffa Industries, Inc is a global leader in the design and manufacture of semiconductor and LED assembly equipment. Read more from Benzinga's Company news.