Citigroup is maintaining its Sell rating and $30 PT on KLA Tencor Corporation KLAC.
“With a strong FQ3 (Mar) already expected, we do not see a major move of the stock post earnings - if anything we would expect the stock to trade down on so/so order guidance,” Citigroup writes.
“With dominant market share, KLAC is clearly one of the top beneficiaries from elevated logic/foundry capex in 2011, although its under-exposure in NAND is a clear negative moving beyond the very near-term.”
KLA Tencor Corporation closed Tuesday at $43.67.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst RatingsCitigroupInformation TechnologyKLA Tencor CorporationSemiconductor Equipment
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in