Truist analyst William Stein lowered the firm’s price target on Diodes to $93 from $94 and keeps a Buy rating on the shares after holding an investor meeting with its management. The management sounded more optimistic on margins, but less on revenue, and while the firm’s longer-term thesis is unchanged, the company’s path may include another “below-seasonal” quarter, the analyst tells investors in a research note.
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Read More on DIOD:
- Diodes price target lowered to $95 from $100 at Benchmark
- Diodes price target lowered to $95 from $110 at TD Cowen
- Diodes sees Q3 revenue about $425M, +/- 3%, consensus $481.8M
- Diodes reports Q2 EPS $1.59, consensus $1.57
- Diodes Inc (DIOD) Q2 Earnings Cheat Sheet
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