KLAC Stock Upgraded To Buy By Jefferies

Semiconductor equipment maker KLA (KLAC) is seen benefiting from chipmakers buying advanced gear for producing AI chips. KLAC stock rose on Monday. Jefferies analyst Blayne Curtis on Sunday upgraded KLAC stock to buy from hold. He also raised his price target to 1,500 from 1,100. In late morning trades on the stock market today, KLAC stock rose more than 3%…