Credit Suisse Assumes KLA-Tencor (KLAC) at Neutral

Credit Suisse assumes coverage on KLA-Tencor (NASDAQ: KLAC) with a Neutral rating and a price target of $66.73.

Analyst F. Ahmad believes KLAC has one of the most defensible models in the industry and that its dividend yield of 2.8% limits downside risk. However, they see limited upside potential at current valuations and see ~5% risk to the Street's CY15 EPS estimates.

For an analyst ratings summary and ratings history on KLA-Tencor click here. For more ratings news on KLA-Tencor click here.

Shares of KLA-Tencor closed at $68.91 yesterday.

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