Monolithic Power price target raised to $580 from $540 at Rosenblatt

Rosenblatt raised the firm’s price target on Monolithic Power to $580 from $540 and keeps a Buy rating on the shares. The company’s earnings call was a “mixed bag” following a “modest beat and raise” Q2, on oscillating customer interactions amid lower inventory trends, the analyst tells investors in a research note. The firm believes patient investors will be rewarded as the business turns more positive overall.