Keysight Technologies (KEYS) PT Raised to $53 at BofA/Merrill Lynch Following 2Q
BofA/Merrill Lynch raised its price target on Keysight Technologies (NYSE: KEYS) to $53.00 (from $47.00) while maintaining a Buy rating. Keysight reported 2Q non-GAAP revenue and EPS of $758M and $0.64; compared to the Street's estimates of $752M and $0.57.
3Q guidance for revenue and EPS at the mid-point was $860M and $0.58; above the Street estimates of $849M and $0.58, respectively.