Keybanc Maintains Overweight on Silicon Laboratories, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Silicon Laboratories (NASDAQ:SLAB), but lowered the price target from $180 to $130.
November 02, 2023 | 3:51 pm
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Silicon Laboratories' price target has been lowered from $180 to $130 by Keybanc, although the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
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