Piper Sandler Downgrades MACOM Technology Solns to Neutral, Announces $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has downgraded MACOM Technology Solutions (MTSI) from Overweight to Neutral and set a price target of $85. This change reflects a revised outlook on the company's stock by the analyst.

January 04, 2024 | 10:44 am
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NEUTRAL IMPACT
Piper Sandler downgraded MACOM Technology Solutions from Overweight to Neutral and set a price target of $85, indicating a neutral outlook on the stock's short-term performance.
The downgrade from Overweight to Neutral by Piper Sandler suggests that the analyst sees limited upside potential for MTSI in the short term. The announcement of a price target provides a benchmark for investors but does not imply significant growth or decline, hence the neutral score. The relevance is high as the news directly pertains to MTSI, and the importance is significant for investors tracking analyst ratings. The confidence level is high due to the direct mention of MTSI and the clear action taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100