As previously reported, Benchmark analyst Mark Miller upgraded MKS Instruments to Buy from Hold with a $125 price target. Headwinds are seen this year, due in part to U.S. restrictions on semi equipment sales into China, but an expected cyclical upswing in 2024, combined with the ramp of new fabs and funding by the U.S., Europe, and Japan for internal chip production, is seen lifting non-GAAP earnings to $8.01 per share, the analyst tells investors.
Published first on TheFly
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