UPDATE: Oppenheimer Downgrades Cirrus Logic on Lack of Valuation Support

In a report published Monday, Oppenheimer analyst Rick Schafer downgraded the rating on Cirrus Logic (NASDAQ: CRUS ) from Perform to Underperform. In the report, Oppenheimer noted, “We are downgrading shares of CRUS to Underperform from Perform. Customer/product/end-market concentration, as well as valuation, drive our incremental caution looking forward. Top