BofA analyst Blake Friedman lowered the firm’s price target on Lattice Semiconductor to $72 from $90 and keeps a Neutral rating on the shares. The firm lowers its calendar year 2024 sales and EPS outlook, cutting estimates about 15% and 20%, respectively, from prior to the Q3 report. The firm sees limited upside over next one to two quarters as end customers work through inventory and navigate a weaker demand environment, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LSCC:
- Lattice Semiconductor (NASDAQ:LSCC) Plunges on Soft Q4 Outlook
- Lattice Semiconductor price target lowered to $75 from $95 at Susquehanna
- Lattice Semiconductor price target lowered to $80 from $110 at KeyBanc
- Lattice Semiconductor sees Q4 revenue $166M-$186M, consensus $195.81M
- Lattice Semiconductor reports Q3 adjusted EPS 48c, consensus 52c