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Fly News Breaks for October 12, 2016
MKSI
Oct 12, 2016 | 07:29 EDT
Pacific Crest analyst Weston Twigg raised his price target for MKS Instruments (MKSI) to $59 saying the acquisition of Newport offers earnings leverage and growth potential beyond semiconductors. The company should grow faster than most semiconductor equipment companies if the semiconductor side slows down, Twigg tells investors in a research note. He sees "a lot to like here" and keeps an Overweight rating on the shares. Citi this morning initiated MKS with a Buy rating.
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