Cirrus Logic price target lowered to $135 from $160 at Susquehanna

Susquehanna lowered the firm’s price target on Cirrus Logic (CRUS) to $135 from $160 and keeps a Positive rating on the shares. The firm thinks the poor December guidance is more about quarter timing than lower units/content and cautions overreacting to guidance, as history with Cirrus suggests huge quarter-to-quarter fluctuations.