MKS Instruments (MKSI) PT Raised to $256 at Stifel; 'Buy on Weakness'
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Stifel analyst Patrick J. Ho raised the price target on MKS Instruments (NASDAQ: MKSI) to $256.00 (from $250.00) while maintaining a Buy rating following earnings, telling clients to buy on today's weakness.
The analyst commented, "Following MKS Instruments’ earnings call, the company addressed the supply chain issue, and we came away more comfortable with this dynamic and its near-term outlook. The supply chain issues are primarily on the semiconductor end, and we believe it is now impacting the equipment ecosystem. We believe the company is taking the necessary steps to mitigate this situation. The other aspect we should highlight that impacts its 3Q21 (Sept) outlook is the projected decline in its ESI business, which is a seasonally softer period, but it is likely to experience a steeper drop coming off its strong June quarter. In total, while the constraints issue bears monitoring, we believe our long-term, favorable thesis remains firmly intact. We believe MKS is well positioned to benefit from both semiconductor and advanced markets growth, and support its strategic M&A vision. We maintain our Buy rating and recommend purchasing shares on weakness."
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Create E-mail Alert Related CategoriesAnalyst PT Change
Related EntitiesStifel, Earnings
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