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Amkor Technology price target lowered to $19 from $24 at Morgan Stanley

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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