UBS Upgrades Kla-Tencor (KLAC) To Short-Term Buy

November 4, 2008 9:41 AM EST

UBS upgrades Kla-Tencor (Nasdaq: KLAC) from 'Neutral' to 'Neutral Short-Term Buy' with a $25 price target.

Shares of Kla-Tencor closed at $22.77 yesterday, with a 52-week range of $17.78 - $51.85.

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor manufacturing and related microelectronics industries worldwide.


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