Roth MKM Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a 'Buy' rating on MagnaChip Semiconductor (NYSE:MX) but has lowered the price target from $15 to $10.
November 03, 2023 | 3:17 pm
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NEUTRAL IMPACT
Despite the lowered price target from $15 to $10, Roth MKM maintains a 'Buy' rating on MagnaChip Semiconductor.
The news is directly about MagnaChip Semiconductor and is likely to influence investor sentiment. The lowered price target might be seen as a negative signal, but the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100