Barclays Downgrades SiTime to Underweight, Maintains Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has downgraded SiTime (NASDAQ:SITM) from Equal-Weight to Underweight, while maintaining the price target at $90.

August 27, 2024 | 12:26 pm
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Barclays has downgraded SiTime from Equal-Weight to Underweight, indicating a less favorable view on the stock. The price target remains at $90.
The downgrade from Equal-Weight to Underweight by Barclays suggests a negative outlook on SiTime's stock performance. Maintaining the price target at $90 indicates that the analyst does not expect significant upside potential. This downgrade is likely to put short-term pressure on the stock price as investors may react to the less favorable rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100