Indie Semiconductor price target lowered to $9 from $12 at Benchmark

Benchmark lowered the firm’s price target on Indie Semiconductor (INDI) to $9 from $12 and keeps a Buy rating on the shares. Given the “preponderance of negative news from the bulk of the automotive supply chain,” the firm calls it “prudent” to lower forecasts for Indie’s December quarter revenue and loss per share as well as out quarter projections, the analyst tells investors.