Morgan Stanley initiated coverage of Amkor Technology with an Equal Weight rating and $27 price target. Amkor is the second largest outsourced assembly and test, or OSAT, company by market share as of 2022 and has a leading position in automotive as well as 2.5D packaging capabilities, notes the firm, which adds that its rating reflects its expectations for “a subdued semi rebound.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMKR:
- Amkor Technology price target lowered to $30 from $36 at DA Davidson
- Amkor Technology sees Q4 EPS 32c-49c, one estimate 63c
- Amkor Technology reports Q3 EPS 54c vs. $1.24 last year
- AMKR Upcoming Earnings Report: What to Expect?
- Amkor Technology announces opening of newest factory in Bac Ninh, Vietnam