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Fly News Breaks for August 22, 2019
Aug 22, 2019 | 09:10 EDT
Loop Capital analyst David Williams raised his price target on Alpha & Omega to $18 and kept his Buy rating after its "strong" Q4 earnings beat earlier this month, saying the quarter was highlighted by the "underlying strength of demand" despite the backdrop of macro weakness, along with "solid" design wins and the launch of new products. The analyst notes that the company's capacity constraints may remain an issue over the near term, but he is "highly encouraged" by the expected pace of ramp for its new JV fab.
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