Craig-Hallum Maintains Buy on Indie Semiconductor, Lowers Price Target to $12
Portfolio Pulse from jenniferd'souza@benzinga.com
Craig-Hallum analyst Anthony Stoss has maintained a 'Buy' rating on Indie Semiconductor (NASDAQ:INDI) but lowered the price target from $14 to $12.

August 11, 2023 | 1:29 pm
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Indie Semiconductor's price target has been lowered from $14 to $12 by Craig-Hallum, though the 'Buy' rating is maintained.
The lowering of the price target by Craig-Hallum could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100