Cirrus Logic price target lowered to $80 from $115 at Barclays

Barclays analyst Tom O’Malley lowered the firm’s price target on Cirrus Logic (CRUS) to $80 from $115 and keeps an Equal Weight rating on the shares. The firm updated semiconductor and semiconductor capital equipment models to reflect tariffs and the trade war ahead of Q1 earnings. The analyst reduced target multiples on China and consumer risk.