Baird lowered the firm’s price target on Keysight Technologies to $160 from $167 and keeps an Outperform rating on the shares. The firm previewd its Q2 results and said they expect follow-on strength in the company’s wired/data center CSG business, A/D/G demand solid but defense funding/shipment timing a perennial wildcard. They expect to see some recovery indicators but the recovery slope into FY25 to remain less defined.
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