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UPDATE: Stifel Nicolaus Upgrades MKS Instruments to Buy on Cyclical Bottom

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Stifel Nicolaus raised its rating on MKS Instruments (NASDAQ: MKSI) from Hold to Buy and established a $29 price target.

Stifel Nicolaus commented, "On a fundamental basis, we believe the company and industry are at a cyclical bottom, and although a rebound may be a quarter or two away (excluding any further macroeconomic shocks), we do not see any significant downside on our current forward estimates. We believe the company's OEM customers (notably, those like Applied Materials and Lam Research) are likely at an orders and shipments trough as well, and over the next quarter or two, will work through any excess component inventory situation."

MKS Instruments closed at $22.74 on Thursday.

Latest Ratings for MKSI

DateFirmActionFromTo
Sep 2014Canaccord GenuityMaintainsBuy
Jan 2014DA DavidsonReiteratesBuy
Nov 2013Sidoti & Co.Initiates Coverage onBuy

View More Analyst Ratings for MKSI
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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