BofA analyst David Ridley-Lane lowered the firm’s price target on Keysight Technologies to $135 from $142 and keeps an Underperform rating on the shares. Q4 EPS beat expectations, but Q1 guidance came in below Street expectations, notes the firm, which lowered its target multiple to a discount to the peer average to reflect prospective EPS declines in FY24.
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Read More on KEYS:
- Keysight (NYSE:KEYS) Gains on Q4 Beat
- Keysight Technologies price target lowered to $134 from $144 at Barclays
- Keysight Technologies sees Q1 adjusted EPS $1.53-$1.59, consensus $1.67
- Keysight Technologies reports Q4 adjusted EPS $1.99, consensus $1.87
- Keysight Technologies options imply 5.7% move in share price post-earnings