Susquehanna raised the firm’s price target on Power Integrations to $100 from $80 and keeps a Positive rating on the shares. The firm said while inventory and softer macro continue to weigh in the near-term, the story improves in 2H as inventory problems pass and noted that GaN is still a growing secular opportunity.
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Read More on POWI:
- Power Integrations price target lowered to $80 from $90 at Susquehanna
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- Power Integrations price target lowered to $90 from $100 at Susquehanna
