UPDATE: Stifel Nicolaus Cuts PT to $42 on Cirrus Logic to $42 on Cautious Guidance
Stifel Nicolaus reiterated its Buy rating on Cirrus Logic (NASDAQ: CRUS ) but lowered the price target from $45.00 to $42.00. Stifel Nicolaus noted, "Cirrus' Audio business continued to benefit from multiple new product ramps within portable audio at its leading customer, driving another impressive growth quarter (up 84% following
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