Benchmark Maintains Buy on Power Integrations, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst David Williams maintains a Buy rating on Power Integrations (NASDAQ:POWI) but lowers the price target from $90 to $78.
August 07, 2024 | 7:13 pm
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Benchmark analyst David Williams maintains a Buy rating on Power Integrations (NASDAQ:POWI) but lowers the price target from $90 to $78.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100