Citigroup Maintains Neutral on Silicon Laboratories, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Neutral rating on Silicon Laboratories (NASDAQ:SLAB) and lowers the price target from $137 to $120.

April 25, 2024 | 10:52 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Silicon Laboratories and lowers the price target from $137 to $120.
The reduction in price target by Citigroup, a major financial institution, suggests a revised outlook on Silicon Laboratories' stock value, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100