UPDATE: Deutsche Bank Lowers PT on Amkor Technology from $6 to $5

Deutsche Bank maintained a Hold rating on Amkor Technology

and lowered its price target from $6 to $5. Deutsche Bank wrote, “We believe the outlook for the communications segment remains strong, given a number of upcoming product launches in 4Q12, but we remain cautious given the continuing 28nm wafer shortage and the risk of order push outs by customers given the heightened macro uncertainty. As such, we are lowering our price target from $6 to $5, maintain Hold on balanced risk/reward.” Amkor Technology closed at $4.91 on Thursday.