Cirrus Logic price target raised to $110 from $100 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Cirrus Logic (CRUS) to $110 from $100 and keeps an Equal Weight rating on the shares. The company’s unit tailwinds drove a “strong beat and raise ” quarter but another year of no content puts its “fortunes in the hands of units alone,” the analyst tells investors in a research note.