tiprankstipranks

B. Riley keeps Neutral on Amkor Technology after Q1 report

B. Riley keeps a Neutral rating on Amkor Technology (AMKR) with an $18 price target following the company’s Q1 report. The shares were not downgraded this morning as previously reported. The company’s Q1 print and Q2 guidance were “mixed” with higher sales but in line and then modestly lower earnings, the analyst tells investors in a research note. Riley remains on the sidelines looking for incremental upside growth catalysts to become optimistic again on the shares.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue