Information Provided By:
Fly News Breaks for October 31, 2018
MKSI, ESIO
Oct 31, 2018 | 07:39 EDT
As reported earlier, DA Davidson analyst Thomas Diffely downgraded Electro Scientific (ESIO) to Neutral from Buy and lowered his price target to $30 from $32 after it entered into a definitive agreement to be acquired by MKS Instruments (MKSI). The analyst believes that the acquisition price is fair, adding that he does not expect any additional bidders to emerge.