BofA analyst Vivek Arya initiated coverage of MKS Instruments with a Buy rating and $160 price target. As the leading vendor of proprietary, high-precision vacuum, photonic, laser, chemical and packaging sub-systems that are critical parts of larger tools sold by leading wafer fab equipment, or WFE, customers, the firm sees an earnings inflection ahead, the analyst tells investors. The firm cites a reacceleration in WFE demand, driven by leading-edge AI chips, recovering PC and smartphone markets and global fab reshoring, along with balance sheet de-levering, for its Buy rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MKSI:
- MKS Instruments Unveils Strategic Investor Presentation 2024
- MKS Instruments assumed with a Hold at Deutsche Bank
- MKS Instruments Named in U.S. News & World Report’s 2024-2025 Best Companies to Work For
- MKS Instruments price target raised to $160 from $150 at TD Cowen
- MKS Instruments to build Super Center factory in Malaysia