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Fly News Breaks for October 29, 2019
AMKR
Oct 29, 2019 | 09:17 EDT
Deutsche Bank analyst Sidney Ho raised his price target for Amkor Technology to $12 from $8 saying the company reported a "solid beat and raise" as it benefits from a better than expected flagship smartphone launch. The analyst, however, believes trade uncertainty and elevated inventory levels at customers continue to be risks in the short-term. As such, he keeps a Hold rating on Amkor Technology.
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