BofA/Merrill Lynch Downgrades MKS Instruments (MKSI) Two-Notches to Underperform
BofA/Merrill Lynch downgraded MKS Instruments (NASDAQ: MKSI) from Buy to Underperform with a price target of $32.00 (from $37.00) citing relative valuation.
The firm prefers a pair trade of long AEIS and underperform MKSI.
Shares of MKS Instruments closed at $35.27 yesterday.
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