Roth MKM Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on MagnaChip Semiconductor (NYSE:MX) but lowers the price target from $10 to $8.

May 03, 2024 | 2:38 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on MagnaChip Semiconductor but lowers the price target from $10 to $8.
The maintenance of a Buy rating suggests a positive outlook on MagnaChip Semiconductor's fundamentals, while the reduction in price target could reflect adjustments in market conditions or company valuation. This mixed signal might lead to neutral short-term price movement as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100