KLA-Tencor On The Move After Upgrade (KLAC)

Shares of KLA-Tencor KLAC are surging on Friday morning after Stifel Nicolaus raised their price target on the stock from $45 to $49.00. KLAC shares have risen more than 7% and are currently trading at $42.54. KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yields management solutions for the semiconductor and related nanoelectronics industries. The Company is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.