Deutsche Bank has decided to maintain its Buy rating of KLA (NASDAQ:KLAC) and lower its price target from $475.00 to $425.00.
Shares of KLA are trading up 1.74% over the last 24 hours, at $336.00 per share.
A move to $425.00 would account for a 26.49% increase from the current share price.
If history is any guide, there may be trouble ahead for shares of KLA (NASDAQ:KLAC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.