Rosenblatt Starts MKS Instruments (MKSI) at Buy

July 21, 2020 4:07 PM EDT
Get Alerts MKSI Hot Sheet
Price: $173.56 +1.93%

Rating Summary:
    12 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 0 | New: 25
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Rosenblatt analyst Scott Graham initiates coverage on MKS Instruments (NASDAQ: MKSI) with a Buy rating and a price target of $162.00.

The analyst comments "We believe the company is well-positioned to benefit from multiple, long-term secular trends in the Semiconductor market, improvements in industrial and consumer demand in its Advanced Markets businesses and leverage its cost acumen into material growth in earnings in 2021-22. We also expect MKSI to use its highly liquid balance sheet to enhance shareholder value with acquisitions. But do see earnings constrained over the next 3 quarters by COVID-19-related end-user demand weakness and an air pocket in WFE capex."

For an analyst ratings summary and ratings history on MKS Instruments click here. For more ratings news on MKS Instruments click here.

Shares of MKS Instruments closed at $120.18 yesterday.

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