Lattice Semiconductor price target raised to $85 from $78 at Susquehanna

Susquehanna raised the firm’s price target on Lattice Semiconductor to $85 from $78 and keeps a Positive rating on the shares. The firm said they posted in-line results but worse guidance as the company continues to deal with end-market demand softness and customer inventory digestion. Management believes they have been under-shipping demand, but now see the impact of inventory drawdown “gradually” dissipating in 2H.