B. Riley lowered the firm’s price target on GCT Semiconductor (GCTS) to $5 from $8 and keeps a Buy rating on the shares ahead of the Q4 report. The firm cites market and sector multiple contraction for the target decrease. It expects GCT’s Q4 results to be in-line with its estimates.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCTS: