Amkor Technology price target raised to $32 from $27 at JPMorgan

JPMorgan raised the firm’s price target on Amkor Technology (AMKR) to $32 from $27 and keeps an Overweight rating on the shares. The company reported solid results driven by broad-based strength across its end markets, the analyst tells investors in a research note. The firm believes Amkor’s Q4 outlook anticipates declines in communication, computing, and consumer markets, partially offset by continued recovery in the automotive and industrial end markets.