MKS Instruments assumed with a Hold at Deutsche Bank

Deutsche Bank analyst Melissa Weathers assumed coverage of MKS Instruments with a Hold rating and $140 price target. In the long term, the firm views MKS as “a foundational technology leader enabling the miniaturization and rising complexity in electronics,” but it prefers to remain on the sidelines until cyclical headwinds more fully subside with the shares having already risen 33% year-to-date, the analyst tells investors.