Monolithic Power price target raised to $950 from $800 at Rosenblatt

Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Monolithic Power (MPWR) to $950 from $800 and keeps a Neutral rating on the shares. The firm sees Monolithic pulling out of the Industrial/Automotive downturn faster than peers, but would like to hear that backlog and visibility is improving before getting more positive on the stock, the analyst tells investors.

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