Cirrus Logic price target lowered to $90 from $95 at Susquehanna

Susquehanna analyst Christopher Rolland lowered the firm’s price target on Cirrus Logic to $90 from $95 and keeps a Neutral rating on the shares. The firm offered their 2Q semiconductor earnings preview, and in short, expects A.I. to considerably outshine all other end markets. They expectuneven reports for the space, with some benefiting from A.I. and EVs, while others may confess to a softer macro as bookings trends slow and they look out into 2024.