Diodes price target lowered to $67 from $78 at Truist

Truist analyst William Stein lowered the firm’s price target on Diodes to $67 from $78 and keeps a Hold rating on the shares. The company’s Q4 performance was about inline with the anticipated severe correction, though the management guided Q1 to correct even further, the analyst tells investors in a research note. Truist adds that investors should wait for some indication of stability in the business before becoming more constructive.