Citi says Keysight Technologies shares pulled back post earnings due to the core order rate growth going from 9% in the October quarter to negative 10% in the January quarter, followed by the company’s commentary of at least a few more quarters to normalize. While sorter-term investors will rightfully view this as a negative, as order rates would eventually need to return to more normal levels, "we have seen this before," writes the analyst. Citi views the selloff as an opportunity and keeps a Buy rating on Keysight with a $225 price target.
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Published first on TheFly
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