MKS Instruments (MKSI) PT Raised to $265 at Rosenblatt

April 27, 2021 4:55 PM EDT
Get Alerts MKSI Hot Sheet
Price: $177.56 -2.08%

Rating Summary:
    12 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 7 | New: 31
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Rosenblatt analyst Scott Graham raised the price target on MKS Instruments (NASDAQ: MKSI) to $265.00 (from $235.00) while maintaining a Buy rating.

The analyst commented, "1Q21 results were superlative, only to be matched by 2Q21's guidance and an upbeat conference call and outlook statements. We are increasing our 2Q earnings estimates significantly, our 2H21 and 2022 forecasts more modestly. We continue to believe MKSI is well positioned in the current Semi cycle and directly faces secular trends in its Advanced Markets businesses. Margin and FCF execution remains excellent. We are increasing our PT and Reiterate Buy. MKSI is one of our top three picks."

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