JPMorgan analyst Samik Chatterjee upgraded Keysight Technologies (KEYS) to Overweight from Neutral with a price target of $200, up from $170. The firm expects a broadening out of the company’s demand drivers along with a cyclical recovery through 2025 in end markets, which have been challenged in 2024. Additionally, greater visibility into closing the Spirent acquisition will provide Keysight greater leverage to a cyclical recovery in the underlying markets in addition to a “strong margin improvement cadence,” the analyst tells investors in a research note. JPMorgan expects Keysight shares to return to trading at the premium valuation multiple it demonstrated ahead of the latest business cycle slowdown.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KEYS:
- Keysight Technologies upgraded to Overweight from Neutral at JPMorgan
- Keysight Technologies provides update on regulatory clearances for Spirent deal
- Early notable gainers among liquid option names on November 20th
- Keysight Technologies price target raised to $160 from $150 at BofA
- Keysight Technologies price target raised to $180 from $165 at Morgan Stanley