Wells Fargo lowered the firm’s price target on Monolithic Power (MPWR) to $665 from $710 and keeps an Equal Weight rating on the shares following the company’s first Analyst Day since 2018. While significant investor focus remains on Ent Data/AI, Monolithic’s Analyst Day highlighted the breadth of content growth opportunities across a number of markets, with increasing focus on delivering full solutions, the firm says.
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