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Keysight Technologies downgraded to Neutral from Buy at Goldman Sachs
The Fly

Keysight Technologies downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs analyst Mark Delaney downgraded Keysight Technologies to Neutral from Buy with a price target of $189, down from $196 as part of a broader research note. The weak macro backdrop should make for a challenging and choppy fundamental environment in 2023, but EVs/ADAS applications are still set to growth and auto production can be up modestly from a low base as supply constraints moderate, the analyst tells investors in a research note. Delaney adds that his rating change on Keysight is also reflecting the company’s above-average exposure to the communications infrastructure market vs. his broader coverage, which is an end market that he expects to slow in 2023.

Published first on TheFly

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