Amkor Technology price target raised to $20 from $19 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Amkor Technology (AMKR) to $20 from $19 and keeps an Equal Weight rating on the shares. Amkor’s earnings “continue to mix positives and negatives,” says the analyst, citing strong revenue, somewhat offset by weak gross margins. Margins continues to be impacted by the Vietnam ramp and material content/product mix, the analyst tells investors in a post-earnings note.