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.
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Read More on AMKR:
- Amkor Technology price target lowered to $30 from $36 at DA Davidson
- Amkor Technology price target lowered to $19 from $24 at Morgan Stanley
- Amkor Technology price target lowered to $25 from $30 at JPMorgan
- Amkor’s Mixed Outlook: Strong Revenue and Strategic Gains Offset by Margin Concerns and Market Uncertainty
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