B. Riley analyst Craig Ellis raised the firm’s price target on Amkor Technology to $43 from $42 and keeps a Buy rating on the shares. The firm left a headquarter visit with “heightened bullish thesis conviction.” The company is a leading beneficiary of industry’s “big Advanced Packaging tectonic shift, now just starting to hit high gear,” the analyst tells investors in a research note.
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Read More on AMKR:
- Amkor Technology price target raised to $35 from $30 at DA Davidson
- Amkor Technology price target raised to $42 from $40 at B. Riley
- Amkor Technology down 6% at $30.24 after Q4 results, below-consensus guidance
- Amkor Technology sees Q1 EPS 3c-19c, consensus 27c
- Amkor Technology reports Q4 EPS 48c, consensus 41c
