Lattice Semiconductor price target raised to $82 from $75 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Lattice Semiconductor to $82 from $75 and keeps a Buy rating on the shares post the Q1 report. The company guided out-quarter revenues below Street expectations on continued weakness in field-programmable gate arrays markets, the analyst tells investors in a research note. The firm says that while cyclical headwinds appear to be incrementally more acute than hoped, it remains encouraged by the company’s new product and share-gain opportunities in the longer term, as evidenced by Lattice’s expansion of its Nexus family of devices earlier this year.