Citigroup Maintains Neutral Rating for Silicon Laboratories: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Silicon Laboratories (NASDAQ:SLAB) but lowered its price target from $165.00 to $148.00. Silicon Laboratories' shares are currently trading up 1.4% at $148.71 per share. A move to $148.00 would account for a 0.48% decline from the current share price.
July 31, 2023 | 5:01 pm
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Citigroup has maintained its Neutral rating for Silicon Laboratories but lowered its price target. This could potentially lead to a slight decrease in the stock's price.
Citigroup's decision to lower the price target for Silicon Laboratories could lead to a decrease in the stock's price as it signals a lower valuation for the company. However, the maintenance of the Neutral rating indicates that the overall outlook for the company remains stable.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100