Stifel raised the firm’s price target on Cirrus Logic (CRUS) to $130 from $120 and keeps a Buy rating on the shares. Noting that Cirrus already sells to the Top 5 laptop PC OEMs in addition to being featured in laptops produced by its largest customer, the firm believes Cirrus is “ideally-placed to benefit” from the emerging laptop trend of voice becoming a key Human-Machine/AI Interface.
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