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Indie Semiconductor price target lowered to $7 from $9 at B. Riley

B. Riley analyst Craig Ellis lowered the firm’s price target on Indie Semiconductor (INDI) to $7 from $9 and keeps a Buy rating on the shares. The firm reduced second half of 2025 estimates in the auto and industrial sector to reflect a challenging macro backdrop. Riley fears lower PC, smartphone, and auto sales in 2025.

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