2022-10-24 06:21:45 SGH SGH
10/24/22 10/2406:21 10/24/2206:21 | SGH price target lowered to $15 from $22 at BarclaysBarclays analyst Tom O'Malley lowered the firm's price target on SGH to $15 from $22 and keeps an Overweight rating on the shares. The analyst is "actively looking for a bottom to get more positive" on the semiconductor sector and sees it closer in some end markets than others, but still believes "it is too early to pull the trigger across the board." He expects "material cuts" through earnings in radio frequency, memory and PC and would look for these cuts to get more positive. "Analog on the other hand, has not even begun the process and this is why we are stepping away now in favor of better names off the bottom," O'Malley tells investors in a research note. |
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