Information Provided By:
Fly News Breaks for September 18, 2017
CRUS
Sep 18, 2017 | 06:28 EDT
BofA/Merrill analyst Adam Gonzalez initiated Cirrus Logic (CRUS) with an Underperform and a $50 price target. The analyst said 75%-80% of the company's revenues are derived from iPhone sales, which he believes is poised to decelerate to just 4%-5% earnings growth in FY17-FY20 from 30% through FY15-FY17. Gonzalez sees limited near-term catalysts that can re-accelerate growth and any meaningful expansion is still 2-3 years away.
News For CRUS From the Last 2 Days
There are no results for your query CRUS