KeyBanc analyst Steve Barger lowered the firm’s price target on Amkor Technology (AMKR) to $27 from $34 and keeps an Overweight rating on the shares. The firm notes shares were down low double digits following the company’s Q4 results, guidance, and cautious 2025 outlook. KeyBanc thinks the weakness stemmed from Communications softness due to the temporary loss of a socket on the iOS platform, and continued weakness and low visibility in automotive.
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