Benchmark raised the firm’s price target on Diodes to $80 from $70 and keeps a Buy rating on the shares following the company’s “mixed” Q4 report. While the outlook was well below consensus expectations, it was “better than we had feared” given the magnitude of downside adjustments seen from peers, says the analyst, whose long-term thesis is unchanged. The firm remain confident in Diodes’ revenue trajectory and improving profitability, the analyst added.
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Read More on DIOD:
- Diodes Shares Q4 and Annual Financial Updates
- Diodes’ Forward-Looking Statements Under Regulation FD
- DIOD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Truist cuts Diodes to Hold, modeled sharper relative recovery
- Diodes downgraded to Hold from Buy at Truist
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