B of A Securities Downgrades Silicon Motion Technology to Underperform, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Silicon Motion Technology (NASDAQ:SIMO) from Buy to Underperform and lowered its price target from $90 to $60.
August 16, 2024 | 9:24 am
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B of A Securities has downgraded Silicon Motion Technology from Buy to Underperform and reduced the price target from $90 to $60.
The downgrade from Buy to Underperform and the significant reduction in the price target from $90 to $60 by B of A Securities is likely to negatively impact investor sentiment and the stock price of Silicon Motion Technology in the short term.
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