Alpha & Omega price target raised to $35 from $34 at B. Riley

B. Riley raised the firm’s price target on Alpha & Omega to $35 from $34 and keeps a Buy rating on the shares. The analyst cites incrementally greater 2024 fundamental and stock recovery conviction for the target increase. Taiwan’s November tech supply chain sales finished updating, which shows further gradual cyclical demand and inventory work down recovery progress overall, the analyst tells investors in a research note.