Mizuho Cuts Target Price for Multiple Tech Stocks
Mizuho Securities has reduced the target prices for several technology stocks. The target price for Advanced Micro Devices has been lowered from $180 to $160, while the target price for Applied Materials Inc has been reduced from $220 to $210. Mizuho also cut the target price for Intel from $23 to $21, Lam Research from $95 to $90, and Microchip Technology from $85 to $72. This indicates a bearish outlook on the performance of these stocks.