Cowen analyst Matthew Ramsay raised the firm’s price target on Silicon Labs to $200 from $175 and keeps an Outperform rating on the shares. The analyst said its strong top and bottom line results are likely significantly better than feared given investor consternation on the fragmented and consumer-focused IoT end markets.
Published first on TheFly
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Read More on SLAB:
- Silicon Labs price target raised to $190 from $155 at Wells Fargo
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