Indie Semiconductor price target lowered to $14.50 from $15.50 at B. Riley

B. Riley analyst Craig Ellis lowered the firm’s price target on Indie Semiconductor to $14.50 from $15.50 and keeps a Buy rating on the shares. Indie reported Q4 sales and EPS “a bit below” the consensus estimate, while Q1 guidance was “more materially below,” says the firm, which also notes that the company sees quarter-over-quarter gains in Q2 and a “strong” second half ramp.