Lattice Semiconductor price target lowered to $65 from $85 at Susquehanna

Susquehanna analyst Christopher Rolland lowered the firm’s price target on Lattice Semiconductor to $65 from $85 and keeps a Positive rating on the shares. The firm said they posted weaker results and even worse guidance, as the inventory overhang persists, particularly in the Industrial and Automotive end markets. Indeed, management believes they are under-shipping demand and sees the inventory drawdown lasting through 2024.