Morgan Stanley lowered the firm’s price target on Keysight Technologies (KEYS) to $156 from $180 and keeps an Overweight rating on the shares. Tariffs add more uncertainty into the networking spending market, where demand intentions were “strong, but weakening,” the analyst tells investors. The breadth of the tariffs announced on April 2 “leave little room to hide,” challenging margins, demand or both, the analyst added in a note on the telecom and networking equipment group.
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Read More on KEYS:
- Keysight Technologies Advances in Acquisition of Spirent Communications
- Keysight’s CyPerf solution selected by U.S. Army for Unified Network Program
- Viavi to buy Spirent ethernet, network security business from Keysight for $410M
- Keysight Technologies Announces Strategic Divestment Amid Spirent Acquisition
- Keysight Technologies Reports Strong Q1 Earnings Amid Challenges
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