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

Susquehanna lowered the firm’s price target on Power Integrations (POWI) to $55 from $70 and keeps a Positive rating on the shares. The firm said they reported generally in-line results but worse guidance as tariff-related pull-ins weigh. Notably, the company saw a material slowdown in bookings in July which caused management to take a more cautious stance on the outlook.