Lattice Semiconductor price target lowered to $67 from $70 at Stifel

Stifel lowered the firm’s price target on Lattice Semiconductor to $67 from $70 and keeps a Hold rating on the shares after the company reported Q4 earnings below the firm’s and consensus estimates due to ongoing industry headwinds impacting its near-to-medium term operating environment. Despite the near-term setback, Lattice continues to believe that its longer-term growth assumptions are intact and the firm continue to view management execution positively, though for now the firm sees upside catalysts as limited, the analyst tells investors.