Silicon Labs rating raised to buy, sets new price target By Investing.com

On Thursday, Needham, a notable investment firm, upgraded the stock of Silicon Labs (NASDAQ:SLAB) from a Hold to a Buy status, setting a new price target of $150. The decision comes amidst expectations of a semiconductor cyclical recovery, which Silicon Labs is believed to be well-positioned for.According to Needham, the upgrade was motivated by several positive indicators, including better…