Cirrus Logic price target raised to $150 from $125 at Benchmark

Benchmark analyst David Williams raised the firm’s price target on Cirrus Logic (CRUS) to $150 from $125 and keeps a Buy rating on the shares following what the firm calls “another solid quarter of better-than-expected results.” As diversification continues to develop, the firm sees a more balanced end-market mix to help smooth seasonality while supporting a durable, accretive long term growth trajectory and earnings, the analyst tells investors.