Deutsche Bank Maintains Buy on Indie Semiconductor, Lowers Price Target to $12
Portfolio Pulse from jenniferd'souza@benzinga.com
Deutsche Bank analyst Ross Seymore has maintained a 'Buy' rating on Indie Semiconductor (NASDAQ:INDI) but lowered the price target from $15 to $12.
August 11, 2023 | 1:32 pm
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Deutsche Bank has maintained a 'Buy' rating on Indie Semiconductor but lowered the price target from $15 to $12.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term performance of the stock. However, the impact is neutral as the 'Buy' rating suggests that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100