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Indie Semiconductor price target lowered to $4.25 from $5 at UBS

UBS lowered the firm’s price target on Indie Semiconductor (INDI) to $4.25 from $5 and keeps a Neutral rating on the shares following the earnings report. The company is “beyond the doldrums and into its era of solid sequential growth,” the analyst tells investors in a research note. UBS finds it too early to recommend the shares, however.

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