Cirrus Logic price target lowered to $90 from $100 at TD Cowen

TD Cowen lowered the firm’s price target on Cirrus Logic to $90 from $100 and keeps an Outperform rating on the shares. The firm said they posted a relatively quiet report as print came in above with guide slightly below netting out to an in-line to slightly better combination of SepQ and DecQ expectations across the iPhone launch cycle.