BofA analyst David Ridley-Lane upgraded Keysight Technologies (KEYS) to Neutral from Underperform with a price target of $175, up from $170. The firm says its thesis of revenue declines post the 5G investment cycle peak has played out. Keysight’s orders have troughed and downward estimate revisions are over, the analyst tells investors in a research note. BofA now view the stock’s valuation as a “modest tailwind.”
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