Diodes price target lowered to $65 from $74 at Benchmark

Benchmark analyst David Williams lowered the firm’s price target on Diodes (DIOD) to $65 from $74 and keeps a Buy rating on the shares. Q4 performance was “about as expected on the top line” and although the revenue and EPS outlook were disappointing, the firm is “encouraged” in the return of year-over-year growth, adding that better than typical seasonal Q1 guidance is “providing confidence the business and macro have stabilized.”