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Keysight Technologies on Analyst Downgrade Due to Huawei Relationship

Rob Lenihan

tumbled 8.7% to $74.73 Monday after Robert W. Baird downgraded the electronic measurement technology company due to its relationship with China's Huawei Technologies. Analyst Richard Eastman downgraded the stock to neutral from outperform and lowered his price target to $82 from $90 a share. The U.S. Commerce Department last week added Huawei and dozens of its affiliates to an "Entity List" that would greatly restrict its ability to buy components from U.S. companies.