Morgan Stanley downgraded Keysight Technologies (KEYS) to Equal Weight from Overweight with an unchanged price target of $180. The firm cites the shares being at the price target and a lack of catalysts for a re-rating for the downgrade. With two acquisitions that were “complicated and elongated” about to close, Morgan Stanley is more cautious of material upside to estimates in the near term for Keysight, the analyst tells investors in a research note.
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