Monolithic Power price target raised to $560 from $425 at KeyBanc

KeyBanc analyst John Vinh raised the firm’s price target on Monolithic Power to $560 from $425 and keeps an Overweight rating on the shares. The firm notes the company reported in-line results and guidance, as weakness in consumer, PCs, data center, and industrials was offset by strength in automotive and storage. Notably, management indicated it is seeing signs of order stabilization, as the rate of pushouts have slowed. KeyBanc is "encouraged" by signs of a bottom, which would suggest a a second half of the year recovery.