Susquehanna lowered the firm’s price target on Power Integrations to $80 from $95 and keeps a Positive rating on the shares. The firm said they reported generally in-line results but worse guidance, as management blamed challenging macro conditions and limited visibility weighing on the slope of the recovery.
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Read More on POWI:
- Power Integrations price target lowered to $78 from $90 at Benchmark
- Power Integrations price target lowered to $70 from $80 at TD Cowen
- Closing Bell Movers: Airbnb, TripAdvisor down double digits on earnings
- Power Integrations sees Q3 revenue $115M plus or minus $5M, consensus $123.28M
- Power Integrations reports Q2 EPS 28c, consensus 26c
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