Texas Instruments margins in for a squeeze; Silk Road walloped: 5 big analyst cuts
Investing.com -- Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Texas Instruments, Silk Road Medical, HubSpot, 89bio, and Arista Networks.) was cut to Perform from Outperform at Oppenheimer on Wednesday ahead of the company's Q3 earnings next week, as reported in real-time on
Oppenheimer also believes gross margins will be"pressured for next few " thanks to"under-utilization, increased depreciation," and aggressive pricing in power management integrated circuits in China - the latter of which the analysts note constitute about 20% of Texas Instruments sales. The analysts wrote,"there is little visibility into the business presently and we see limited room for stock appreciation and expect investors may capitulate after a difficult year for SILK."
Oppenheimer said it now has"reduced confidence" in that approach to treat stage F4 NASH-associated fibrosis, as it sees"negative read-across from AKRO's Ph2b SYMMETRY topline data for EFX in F4 NASH patients."
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