Keybanc Maintains Overweight on Silicon Laboratories, Lowers Price Target to $180
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst John Vinh maintains an Overweight rating on Silicon Laboratories (NASDAQ:SLAB) but lowers the price target from $200 to $180.
July 27, 2023 | 8:48 am
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Keybanc analyst maintains Overweight rating on Silicon Laboratories but lowers price target from $200 to $180.
The news is directly related to Silicon Laboratories. The Overweight rating indicates that the analyst expects the stock to outperform the market, which is positive. However, the lowering of the price target from $200 to $180 might create a negative sentiment among investors, potentially putting downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100