UPDATE: Baird Upgrades Keysight Technologies (KEYS) to Outperform
(updated to add analyst comment)
Baird analyst Richard Eastman upgraded Keysight Technologies (NYSE: KEYS) from Neutral to Outperform with a price target of $100.00 (from $82.00).
The analyst comments "Upgrading to Outperform as we are buyers for the multi-year deployments of nextgen technologies in Communications and Automotive applications, supported by KEYS' strong first-mover competitive (technology) position and execution. While we acknowledge trade-related impacts on the macro-economy remain risks, our concerns re: Huawei restrictions and related knock-on effects through the tech supply chain have turned out (thus far) to be less restraining to KEYS' growth (esp. in China, 2Q/3Q both +DD%) than our (and the tech industry's) initial calculation."
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 $97.25 yesterday.