Morgan Stanley lowered the firm’s price target on Amkor Technology (AMKR) to $19 from $24 and keeps an Equal Weight rating on the shares. Amkor’s earnings were “a mixed bag,” with a mix of positives and negatives, says the analyst, who adds that a gross margin miss keeps second half estimates conservative and keeps the firm sidelined on the stock.
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Read More on AMKR:
- Amkor Technology price target lowered to $25 from $30 at JPMorgan
- Amkor’s Mixed Outlook: Strong Revenue and Strategic Gains Offset by Margin Concerns and Market Uncertainty
- Amkor’s Strategic Resilience and Strong Performance Justify Buy Rating Despite External Challenges
- Amkor Technology price target raised to $19 from $16 at Melius Research
- Amkor Technology downgraded to Neutral from Buy at B. Riley