Wells Fargo upgraded KLA Corp and Lam Research, expecting further semiconductor gains. Stifel projects a 10-15% increase in wafer fab equipment spending. KLA’s upgrade is due to 2nm momentum and precision demand. Wells Fargo raised KLA’s price target to $1,600. Lam Research benefits from high memory demand and NAND flash sales, with a price target increase to $250. Analysts are more pessimistic, with lower average price targets for both stocks.

Read more at Yahoo Finance: Wells Fargo Can’t Get Enough of These 2 Semiconductor Stocks