KLA-Tencor (KLAC +2.1%) rises after getting upgraded all the way to Outperform from Underperform...

|About: KLA-Tencor Corporation (KLAC)|By:, SA News Editor

KLA-Tencor (KLAC +2.1%) rises after getting upgraded all the way to Outperform from Underperform by RBC. The chip equipment maker announced a new stock buyback authorization on Thursday. Meanwhile, TSMC (TSM +1%), a top customer of KLA's, has been added to Goldman's Conviction Buy list three days after reporting strong October sales.