Needham analyst James Ricchiuti raised the firm’s price target on MKS Inc. (MKSI) to $300 from $260 and keeps a Buy rating on the shares after its Q4 earnings beat. Following continued strength in Electronics & Packaging and higher shipments in Semi in Q4, the company also provided better-than-expected revenue guidance for Q1, highlighted by continued healthy margins and lower interest expense from the recent debt-refinancing, the analyst tells investors in a research note.
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