Roth Capital reiterates the firm’s Buy rating and $6.00 price target on MagnaChip (MX) shares following the company’s plan to shut down its display business. The firm expects the company to benefit from increased focus on its core power semiconductor product offerings. Roth believes MagnaChip had discussions around the display business with several interested parties, but could not come to an agreement, it told investors in a research note.
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