JP Morgan Maintains Overweight on Silicon Laboratories, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Peter Peng maintains an Overweight rating on Silicon Laboratories (NASDAQ:SLAB) but lowers the price target from $165 to $150.

April 25, 2024 | 5:55 pm
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JP Morgan maintains an Overweight rating on Silicon Laboratories but reduces the price target from $165 to $150.
The adjustment in price target by a major analyst like JP Morgan, while maintaining an Overweight rating, suggests a continued positive outlook on SLAB but with moderated expectations. This could lead to a neutral short-term impact on the stock price as the market digests the revised target amidst ongoing bullish sentiment.
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IMPORTANCE 80
RELEVANCE 100