Baird Downgrades Diodes to Neutral, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Tristan Gerra has downgraded Diodes (NASDAQ:DIOD) from Outperform to Neutral and lowered the price target from $120 to $70.
October 31, 2023 | 10:18 am
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NEGATIVE IMPACT
Diodes has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $120 to $70.
The downgrade from Outperform to Neutral by Baird, along with a significant reduction in the price target, indicates a less optimistic outlook for Diodes. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100