KLA-Tencor (KLAC) PT Lifted to $75 at Nomura

Nomura Securities analyst Romit Shah reiterated a Neutral rating and raised his price target on KLA-Tencor (NASDAQ: KLAC) to $75.00 (from $67.00) following solid results.

Shah commented, "KLA reported revenue and EPS numbers of $751mn and $1.16, above our estimates and the midpoint of guidance. While the results were solid, revenue and earnings deceleration leads us to take a conservative stance on valuation."

FY17E EPS from $5.16 to $5.44; FY18E EPS from $5.44 to $5.63

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 $71.99 yesterday.

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