JoeB07
Nov 9, 10:05 PM
$SIMO B Riley cuts price target…again. Lol
Silicon Motion price target lowered to
$290 from
$310 at B. Riley
B. Riley lowered the firm’s price target on Silicon Motion (SIMO) to
$290 from
$310 and keeps a Buy rating on the shares. The firm cut targets on 13 semiconductor names citing post-election AI data center deferral risk. Estimates may have peaked in the near term, but sector valuations “now sit near historic crisis lows,” the analyst tells investors in a research note.
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