Goldman Sachs Downgrades Xilinx (XLNX) to Neutral

Goldman Sachs analyst Toshiya Hari downgraded Xilinx (NASDAQ: XLNX) from Buy to Neutral with a price target of $122.00.

• Remains positive on the LT story for the company but steps aside citing a full valuation.
• Would change view if signs of a more elongated spending cycle in 5G and/or increased market share in Datacenter/Automotive.

For an analyst ratings summary and ratings history on Xilinx click here. For more ratings news on Xilinx click here.

Shares of Xilinx closed at $139.72 yesterday.

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