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Indie Semiconductor price target lowered to $6 from $7 at KeyBanc

KeyBanc lowered the firm’s price target on Indie Semiconductor (INDI) to $6 from $7 and keeps an Overweight rating on the shares. The firm notes the company reported mixed Q1 results and guided Q2 lower. Uncertainty regarding tariffs has created significant auto headwinds, including a reduction in production at multiple OEMs as Global SAAR is expected to decline 1.6% in 2025; OEMs have paused shipments into the U.S.; tariffs are expected to increase auto pricing on average by 9%, resulting in lower demand.

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