Bank of America remains bullish on semiconductor stocks heading into the fourth quarter, but the firm issued three semi stock downgrades Friday and said stock selection is critical at the moment.
The Semiconductor Analyst:
Analyst Vivek Arya issued the following ratings and price target changes:
Over the past 3 months, 5 analysts have published their opinion on KLA (NASDAQ:KLAC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
U.S. indices were trading lower as Amazon.com, Inc. (NASDAQ: AMZN) fell following earnings and as COVID-19 delta variant concerns continue to drive market uncertainty.