Piper Jaffray Downgrades KLA-Tencor (KLAC) to Neutral Amid Takeover
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Price: $244.49 -9.17%
Rating Summary:
21 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
21 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Piper Jaffray downgraded KLA-Tencor (NASDAQ: KLAC) from Overweight to Neutral with a price target of $67.00 (from $63.00) after the company agreed to be acquired by LRCX for $10.6B in cash and stock.
For an analyst ratings summary and ratings history on KLA-Tencor click here. For more ratings news on KLA-Tencor click here.
Shares of KLA-Tencor closed at $63.98 yesterday.
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