Alpha & Omega price target lowered to $21 from $23 at Stifel

Stifel analyst Tore Svanberg lowered the firm’s price target on Alpha & Omega to $21 from $23 and keeps a Sell rating on the shares. Ahead of what the firm identifies as “a crucial earnings period ahead of what could be a possible bottoming in analog, mixed-signal semiconductor markets,” Stifel argues that those companies that corrected the earliest and hardest will likely see the strongest and earliest recovery.