Roth MKM analyst Suji Desilva raised the firm’s price target on Knowles to $18 from $14 and keeps a Neutral rating on the shares. The company reported Q4 revenue softness and guided for a worse than consensus decline in Q1 due to lower consumer demand and channel inventory digestion, but the stock continues to represent a differentiated investment opportunity in audio sensor and voice processing products, the analyst tells investors in a research note.
Published first on TheFly
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