Keysight Technologies price target lowered to $176 from $192 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the firm’s price target on Keysight Technologies (KEYS) to $176 from $192 and keeps a Buy rating on the shares. The firm reduced its auto industry outlook and estimates, saying it will be hard for the auto industry to fully pass on tariff costs, especially with softening consumer demand more generally. Tariffs will be a source of downside for both auto makers and suppliers, although the car manufacturers can partly mitigate tariffs with pricing, the analyst tells investors in a research note. Goldman’s new estimates also reflect increasing strength of the Chinese car makers, and a slower electric vehicle transition in the U.S. and potentially Europe.