Morgan Stanley analyst Joseph Moore lowered the firm’s price target on Amkor Technology (AMKR) to $24 from $26 and keeps an Equal Weight rating on the shares. Amkor missed March quarter estimates, but guided for a steep second half recovery on the back of smartphone and auto and industrial growth, notes the firm, which says it takes “a more conservative stance with our forecasts.”
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Read More on AMKR:
- Amkor Positioned for Growth: Buy Rating Supported by Future Prospects in High-End Smartphone Market
- Amkor Technology price target lowered to $24 from $30 at Melius Research
- Balancing Optimism and Caution: Joseph Moore Maintains Hold Rating on Amkor Amid Market Volatility and Recovery Projections
- Amkor Positioned for Growth: Buy Rating Backed by Advanced Technology and Market Leadership
- Amkor Technology price target lowered to $30 from $42 at JPMorgan