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Lattice Semiconductor price target lowered to $80 from $110 at KeyBanc

KeyBanc lowered the firm’s price target on Lattice Semiconductor to $80 from $110 and keeps an Overweight rating on the shares after the company reported in-line Q3 results and guided Q4 lower. Lattice Semiconductor attributed weakness in its outlook to softening demand in comm infra, industrial, and automotive end markets. Conversely, this was offset by improving demand in traditional and AI servers.

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