Cirrus Logic price target lowered to $80 from $95 at Susquehanna

Susquehanna lowered the firm’s price target on Cirrus Logic to $80 from $95 and keeps a Positive rating on the shares. Susquehanna previewed Q3 results for the Semiconductor group and said they see a generally downbeat outlook with perhaps AI the sole pocket of strength. They said while many end markets appear to be stabilizing, new headwinds have emerged including weaker ODM for PC, Huawei risks for handsets, and a weakening analog order book.