SkyWater Technology price target lowered to $12 from $20 at TD Cowen

TD Cowen lowered the firm’s price target on SkyWater Technology to $12 from $20 and keeps an Outperform rating on the shares. The firm said they reported upside results and believes the company remains an attractive small cap name given steady execution exposure the to US semis manufacturing theme and is trading at 25% of replacement value.