- Barclays downgraded semiconductor firm Silicon Laboratories ( NASDAQ: SLAB ) to underweight from equal weight in a research note issued on Monday.
- The investment bank lowered its price target to $95 on SLAB from $140, implying a potential downside of about 22% from stock's last close.
- Stock is down 4% in midday trading session on Monday.
- Seeking Alpha Quant rating system assigns a Strong Buy to the stock while Wall Street gives a Buy and SA Authors Hold.
- "Silicon Laboratories Is Nearing An Important Junction (Technical Analysis)," explained Seeking Alpha contributor MarketGyrations.
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Silicon Laboratories downgraded to underweight at Barclays