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Navitas Semiconductor price target lowered to $5 from $7 at Baird

Baird lowered the firm’s price target on Navitas Semiconductor (NVTS) to $5 from $7 and keeps an Outperform rating on the shares. The firm said a 2025 revenue recovery expected to be 2H-weighted, as well-known weak macro dynamics weight on 1Q beyond typical seasonality.

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