Wolfspeed price target lowered to $25 from $35 at Susquehanna

Susquehanna lowered the firm’s price target on Wolfspeed to $25 from $35 and keeps a Neutral rating on the shares. The firm previewed their semiconductors space for Q1 and lowered its target on select names despite expecting broad-based headwinds although admitting different markets/companies remain at different sections of the downcycle.