
Power Integrations (NASDAQ:POWI) Sets New 12-Month Low on Analyst Downgrade

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Power Integrations (NASDAQ:POWI) reached a new 52-week low of $34.30 after Benchmark downgraded its price target from $55 to $50, maintaining a buy rating. The stock closed at $34.6260 with a trading volume of 568,724 shares. Other analysts have also adjusted their ratings, with Wall Street Zen downgrading to hold and Susquehanna lowering their target to $55. Despite the downgrades, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.00.
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