Wells Fargo analyst Joe Quatrochi raised the firm’s price target on MKS Instruments to $90 from $80 and keeps an Equal Weight rating on the shares. The analyst thinks 2023 could set up for another difficult / choppy year for semi cap stocks, characterized by two halves. He continues to recommend a defensive positioning within semi cap stocks for the first part of 2023 as he believes another estimate reset could be required for the second half of 2023 given deferred revenue dynamics.
Published first on TheFly
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