Keysight Technologies (KEYS) PT Raised to $163 at Deutsche Bank on Proposed Spirent Deal

Deutsche Bank analyst Matthew Niknam raised the price target on Keysight Technologies (NYSE: KEYS) to $163.00 (from $155.00) while maintaining a Buy rating.

The analyst comments "Net net, we view this as an opportunistic (and financially accretive) deal adding scale and breadth in the core Communications market. In addition, the proposed acquisition gives KEYS the opportunity to leverage its scale across end markets and global footprint to potentially deliver both incremental revenue and (additional) cost synergy opportunities."

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