Needham Maintains Buy on MagnaChip Semiconductor, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on MagnaChip Semiconductor (NYSE:MX) but lowers the price target from $8 to $7.
August 01, 2024 | 11:27 am
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Needham analyst Quinn Bolton maintains a Buy rating on MagnaChip Semiconductor (NYSE:MX) but lowers the price target from $8 to $7.
The Buy rating suggests continued confidence in MagnaChip Semiconductor's prospects, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100