KLA Shares Rise After Morgan Stanley, Wells Fargo Upgrades

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KLA (KLAC) shares rose 8.3% in recent Thursday trading after Morgan Stanley and Wells Fargo upgraded the stock to overweight from equal weight.

Morgan Stanley raised its price target to $1,697 from $1,214, while Wells Fargo boosted its target to $1,600 from $1,250.

Intraday volume topped 1.09 million shares, compared with the daily average of 972,266.

Price: 1553.79, Change: +119.29, Percent Change: +8.32

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