Truist Securities Maintains Buy on Monolithic Power Systems, Lowers Price Target to $483
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein maintains a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) but has lowered the price target from $600 to $483.
October 31, 2023 | 4:35 pm
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NEUTRAL IMPACT
Monolithic Power Systems' price target has been lowered from $600 to $483 by Truist Securities, though the 'Buy' rating is maintained.
The news is directly about Monolithic Power Systems. The lowering of the price target might indicate a potential downside risk, but the maintained 'Buy' rating suggests that the analyst still sees value in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100