Morgan Stanley analyst Meta Marshall lowered the firm’s price target on Keysight Technologies to $180 from $184 and keeps an Equal Weight rating on the shares. While the firm acknowledge Keysight’s leadership in the T&M industry and exposure to megatrends, the firm feels the defensive opportunity is generally appreciated in valuation and sees "reason to lean more cautiously" into the company’s fiscal Q2 report given recent data points that are more cautious on wireless exposures.
Published first on TheFly
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