BofA analyst Vivek Arya raised the firm’s price target on MKS Instruments (MKSI) to $95 from $85 and keeps a Buy rating on the shares. While the firm’s estimate revisions are “modest” after Q1 sales and pro-forma EPS came in 2% and 9%, respectively, ahead of expectations, it also applies a higher multiple on better rebound prospects, the analyst tells investors.
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