Indie Semiconductor price target lowered to $8 from $10 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Indie Semiconductor (INDI) to $8 from $10 and keeps a Buy rating on the shares. The firm believes the worst is now behind Indie as the December quarter was solid and major programs remain largely on track. The March revenue guide was in-line with Craig-Hallum’s estimate but below the Street with uncertainty around Tariffs somewhat affecting orders.