Silicon Motion Technology Corp. (NASDAQ: SIMO) is grappling with a significant blow as Bank of America (BofA) downgrades the stock from a Buy to an Underperform rating and slashes its price target from $90 to $60. This drastic revision points to a potential downside of approximately 6.5% from current trading levels, raising questions about whether […]
Full ArticleBofA downgrades Silicon Motion, slashes price target to $60: Time to sell or hold?
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