MKS Instruments (MKSI) PT Lowered to $150 at TD Cowen

TD Cowen analyst Krish Sankar lowered the price target on MKS Instruments (NASDAQ: MKSI) to $150.00 (from $160.00) while maintaining a Buy rating.

The analyst commented: "Impressive June '24 quarter results and Sep Q/C2H24 outlook are symptomatic of the industry trends. Fundamentals have stabilized, and we highlight disciplined cost management, debt reduction, strength in the chemistries business and a strategic photonics win amid the doldrums of NAND spending. We like the set up of the stock into CY25."

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