DA Davidson lowered the firm’s price target on Amkor Technology (AMKR) to $30 from $36 and keeps a Buy rating on the shares after its Q1 results. The company’s reported results and outlook were largely in-line but the mounting global uncertainty is virtually impossible to handicap, and while Amkor has minimal direct tariff exposure, the potentially massive customer tariffs and export controls add significant uncertainty to the outlook for the second half of the year, the analyst tells investors in a research note.
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Read More on AMKR:
- Amkor Technology price target lowered to $19 from $24 at Morgan Stanley
- Amkor Technology price target lowered to $25 from $30 at JPMorgan
- Amkor’s Mixed Outlook: Strong Revenue and Strategic Gains Offset by Margin Concerns and Market Uncertainty
- Amkor’s Strategic Resilience and Strong Performance Justify Buy Rating Despite External Challenges
- Amkor Technology price target raised to $19 from $16 at Melius Research