UPDATE: J.P. Morgan Initiates Coverage on KLA-Tencor as Inflections in Semi Manufacturing Drive Capital Intensity
October 14, 2013 at 09:21 AM EDT
In a report published Monday, J.P. Morgan analyst Harlan Sur initiated coverage on KLA-Tencor Corporation (NASDAQ: KLAC ) with an Overweight rating and $76.00 price target. In the report, J.P. Morgan noted, “Initiating on KLAC at Overweight with Dec 2014 PT on $76. We believe KLAC will continue to dominate
