DA Davidson Maintains Buy on Amkor Tech, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Thomas Diffely maintains a Buy rating on Amkor Tech (NASDAQ:AMKR) but lowers the price target from $40 to $36.
October 29, 2024 | 4:48 pm
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NEUTRAL IMPACT
DA Davidson maintains a Buy rating on Amkor Tech but reduces the price target from $40 to $36, indicating a slightly less optimistic outlook.
The analyst's decision to maintain a Buy rating suggests continued confidence in Amkor Tech's prospects, but the lowered price target reflects a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100