Susquehanna downgrades Silicon Motion

|About: Silicon Motion Technology C... (SIMO)|By:, SA News Editor

Susquehanna downgrades Silicon Motion (NASDAQ:SIMO) from Positive to Neutral and drops the price target from $60 to $48, which is 5% below Friday’s close.

Latest analyst recommendations: 1 Buy, 10 Outperform, and 2 Underperform.

Median price target: $60. 

Silicon Motion shares are down 0.4% premarket to $50.50.    

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