Barclays analyst Tim Long lowered the firm’s price target on Keysight Technologies to $134 from $144 and keeps an Equal Weight rating on the shares. The company reported in-line fiscal Q4 revenue, although fiscal 2024 high level commentary disappointed, the analyst tells investors in a research note. The firm says continued manufacturing weakness, the macro environment and customer reticence to spend are all weighing on 2024 expectations. It expects a limited recovery through the first half of the year for Keysight.
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