Why Amkor Technology Stock Is Tumbling Today
Shares of Amkor Technology (NASDAQ: AMKR), a semiconductor packaging and test services company, were falling today after the company's stock received a downgrade from Credit Suisse analyst Randy Abrams.
The tech stock had fallen by 11.3% as of 3:46 p.m. EDT.
Abrams downgraded Amkor's stock to a neutral rating, down from outperform, and put a price target on the stock of $27, which was down from $28.50. While that wasn't welcome news, the analyst still believes the company could reach the higher end of its third-quarter sales guidance.
Source Fool.com
