Barclays Maintains Overweight Rating for Cirrus Logic: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of Cirrus Logic CRUS and lower its price target from $90.00 to $85.00.

Shares of Cirrus Logic are trading down 0.26% over the last 24 hours, at $74.28 per share.

A move to $85.00 would account for a 14.43% increase from the current share price.

About Cirrus Logic

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.