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KLA: Don’t Underestimate Chip Capital Intensity, Says Citi

AMAT  INTC  KLAC  LRCX  [NVLS]  BRKS  FORM  ATMI  ENTG  

Linked by BARRONS.com: Tech Trader Daily ( track newsfeed | ignore newsfeed ) - January 24, 02:18PM from (blogs.barrons.com)

Citigroup’s Terence Whalen this morning took over coverage of eight chip equipment stocks from Timothy Arcuri, and immediately raised KLA Tencor (KLAC) and Novellus Systems (NVLS) to Buy from Neutral, while reiterating a Buy rating on Lam Research (LRCX), which is buying Novellus, and cutting FormFactor (FORM) to Neutral from Buy. He also maintains Neutral [...]

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