Form 8-K KLA TENCOR CORP For: Jan 22
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Cowen Cuts KLA-Tencor (KLAC) PT to $66 Following Q2 Results; Outlook Disappointing 'Again'
January 23, 2015 8:44 AM ESTCowen and Company cut its price target on KLA-Tencor from $75 down to $66 and maintains a Market Perform rating following FQ2 results issued Thursday night.
Analyst John Blackledge noted that, amid strong Q2 numbers, guidance fell short of expectations once again and a better tone surrounding foundry activity was expected, but not delivered.
Blackledge... More
