Keysight Technologies price target lowered to $135 from $150 at BofA

BofA lowered the firm’s price target on Keysight Technologies to $135 from $150 and keeps an Underperform rating on the shares ahead of the company’s fiscal Q3 report on August 20. Peer results suggest there was little improvement in end markets, the analyst tells investors in a research note. The firm says the key investor debate is the shape of the orders recovery in 2025. It cites Keysight’s below-peer earnings growth for the target cut.