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flag KLA Corp reported strong quarterly earnings, despite Morgan Stanley slightly lowering its target price.

flag Morgan Stanley slightly lowered KLA Corporation's target price but maintained an "overweight" rating. flag Despite this, KLA reported better-than-expected earnings per share of $8.41 and revenue of $3.06 billion for the quarter. flag Institutional investors adjusted their holdings, with some buying and others selling shares. flag KLA provides semiconductor and electronics solutions and has a market cap of $89.87 billion.

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