Diodes price target lowered to $62 from $69 at Truist

Truist lowered the firm’s price target on Diodes (DIOD) to $62 from $69 and keeps a Hold rating on the shares after its Q3 results and below-consensus guidance. Excess inventory continues to delay a recovery, though the company was able to guide Q4 slightly above typical seasonal growth related to AI exposure within the Compute end market, the analyst tells investors in a research note.