Diodes price target raised to $108 from $101 at Truist

Truist analyst William Stein raised the firm’s price target on Diodes to $108 from $101 and keeps a Buy rating on the shares. The company’s "good" Q4 results but weaker Q1 guidance were similar to other semi’s, though its management’s commentary was "more bullish", the analyst tells investors in a research note. Diodes is also sounding a more confident tone on China demand starting in Q2, the firm added.