Diodes price target raised to $62 from $55 at Benchmark

Benchmark raised the firm’s price target on Diodes (DIOD) to $62 from $55 and keeps a Buy rating on the shares after having recently hosted meetings with newly appointed CEO Gary Yu and CFO Brett Whitmire. The “key takeaway” was the company’s strategic pivot under new leadership, says the analyst, who sees meaningful upside opportunity as the strategy plays out and expresses “increasing confidence in the growth trajectory and margin recovery” following the meetings with management.