TD Cowen analyst Matthew Ramsay lowered the firm’s price target on Monolithic Power to $550 from $625 and keeps an Outperform rating on the shares. The firm said its in-line print/guide was likely better than feared given the fireworks elsewhere in the space, though visibility in the short-term remains limited. The firm said there is no change to the thesis, and while near-term may be muddled, we’re getting closer to an “all clear.”
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