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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (21611)	12/16/2024 10:59:55 AM
From: Kirk ©	Respond to of 26800

Brandon needs AI to check grammar. (hire) Keysight upgraded to Overweight due to end-market recovery: JP Morgan Dec. 16, 2024 10:41 AM ET Keysight Technologies, Inc. (KEYS) Stock By: Brandon Evans, SA News Editor Keysight Technologies (NYSE: KEYS) was upgraded to Overweight from Neutral by J.P. Morgan due in part to a recovery in end-markets and expected Ethernet growth. J.P. Morgan also increased its price target to $200 from $170 for the electronic design and test solutions company. The investment firm also believes the Spirent acquisition will provide the company greater leverage to underlying markets, create operational synergies and help drive it towards its long-term goal of 31% to 31% operating margins. "With the earnings revision cycle back to demonstrating upside pressure after cycling past the concerns around downward pressure to earnings over the last 12-18 months, we expect KEYS shares to return to trading at the premium valuation multiple it demonstrated ahead of the latest business cycle slowdown in appreciation of the stellar execution track record of the management team as well as high-quality earnings combined with significant earnings leverage on modest revenue upsides," said J.P. Morgan analysts, led by Samik Chatterjee, in a Monday investor note. Looking ahead to 2025, J.P. Morgan expects increased spending from telco customers, growth in wafer fab equipment, and broader research and development initiatives by smartphone chipset suppliers and industrial technology companies. Keysight shares edged hire during early Monday market action.