MKS Inc. price target raised to $265 from $200 at Goldman Sachs

Goldman Sachs raised the firm’s price target on MKS Inc. (MKSI) to $265 from $200 but keeps a Sell rating on the shares. The firm expect the stock to hold its gains following a solid quarter with very strong guidance, set against elevated expectations ahead of the quarter, adding it was encouraged by management’s commentary on strong order momentum across end markets and an uptick in NAND upgrade activity, the analyst tells investors in a research note. Goldman Sachs adds however it is maintaining its Sell rating on the stock given the company’s leverage to NAND spending, which should “inflect later in the cycle”.