Kulicke & Soffa Industries Shares Rise After Brokerages Increase Price Target

MT Newswires Live11-22

Kulicke & Soffa Industries (KLIC) shares rose around 5.4% in recent Friday trading after brokerages raised its price target.

B. Riley raised price target to $39 from $35 and kept its Neutral rating. While Fubon Securities upgraded the stock to Buy from Neutral and lifted the price target to $46 from $33.

Trading volume stood at almost 570,058 shares compared with a daily average of nearly 483,025.

Price: 41.11, Change: +2.08, Percent Change: +5.33

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