Goldman Sachs analyst James Schneider raised the firm’s price target on Amkor Technology (AMKR) to $65 from $43 and keeps a Neutral rating on the shares. Amkor is expected to trade in a range after reporting a strong quarter and providing above-consensus guidance, though investor expectations were already elevated due to optimism around its CoWoS/2.5D advanced packaging ramp, the analyst says in a research note.
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