Soleil Securities Initiates Coverage on KLA-Tencor (KLAC) with a Buy
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Soleil Securities initiates coverage on KLA-Tencor (Nasdaq: KLAC) with a Buy. Price target $26.
Soleil analyst says, "We expect business at KLAC to hold up better than the rest of the semiconductor equipment market during the forecasted industry trough in 1H09, supported by selective additions of advanced manufacturing capacity at Intel (Nasdaq: INTC) (not rated) and continuing technology transitions at top memory-makers."
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related microelectronics industries.
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