Citi Reiterates Buy Rating on Keysight Technologies (KEYS)
Citi analyst Jim Suva reiterated a Buy rating and $100.00 price target on Keysight Technologies (NYSE: KEYS).
The analyst says the company is "Out [sic] Top Pick" and is expecting earnings to coming in-line with consensus expectations. Sees October outlook coming in under expectations and notes that China build-outs and US spending slowdown are a concern.
Suva also notes the company has exceeded guidance for the past year and a half.
- "We view KEYS as an agnostic way to play the 5G cycle as the company benefits regardless of wins or loses in 5G. In FY18, Keysight’s growth areas of Services, Automotive and Software all grew double-digits in orders and 5G grew triple-digits. Aerospace & Defense is poised for another of growth after a strong recovery in FY18."
For an analyst ratings summary and ratings history on Keysight Technologies click here. For more ratings news on Keysight Technologies click here.
Shares of Keysight Technologies closed at $83.34 yesterday.