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Power Integrations price target lowered to $55 from $70 at Benchmark

Benchmark lowered the firm’s price target on Power Integrations (POWI) to $55 from $70 and keeps a Buy rating on the shares following “mostly in-line” Q2 results and “disappointing” guidance. The longer-term fundamentals remain healthy, but near-term macro and tariff-related headwinds, particularly in the consumer appliance segment, are weighing on the outlook, the analyst tells investors.

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