Power Integrations: Rises on Stifel's upgrade to 'buy', PT hike

Power Integrations

18/07/2019 17:08

** Shares of Power Integrations Inc  POWI.O  up ~4% at
$82.68, after Stifel upgrades to "buy" from "hold" 
    ** Brokerage also raises PT by $16 to $90, says co is well
positioned to build upon USB-power delivery multiple growth
drivers across industrial, automotive and consumer markets 
    ** Says easing trade tensions between U.S. and China would
decrease risks to co's consumer business 
    ** Stifel analysts expect POWI to report an in-line Q2 and
robust growth in Q3 
    ** Including session's gains, POWI is up ~36% this year

 (Reporting by Akanksha Rana in Bengaluru)
 ((Reuters Messaging:
akanksha.rana.thomsonreuters.com@reuters.net))