Silicon Labs price target raised to $100 from $85 at Barclays

Barclays analyst Blayne Curtis raised the firm’s price target on Silicon Labs to $100 from $85 and keeps an Underweight rating on the shares. The analyst rolled out 2024 estimates and became more positive on the semiconductor group but incrementally more negative on semiconductor capital equipment. The firm prefers stocks in 2023 that offer exposure to data center, PC and handset.