Keysight Technologies price target raised to $205 from $187 at UBS

UBS analyst Chris Snyder raised the firm’s price target on Keysight Technologies to $205 from $187 and keeps a Buy rating on the shares. The company’s Q4 results reinforced his thesis around demand resiliency and earnings upside in spite of the softening macro, the analyst tells investors in a research note. This supports his belief that Keysight Technologies is positioned to take share of growing customer R&D budgets as the company’s scale affords it with an ability and willingness to invest ahead of the competition, Snyder adds.