Lattice Semiconductor price target raised to $85 from $80 at Benchmark

Benchmark raised the firm’s price target on Lattice Semiconductor to $85 from $80 and keeps a Buy rating on the shares. Though the Q2 outlook is “disappointing,” the firm thinks the company’s strategy and positioning is enabling it to navigate the downturn and the thesis remains unchanged with strengthening tailwinds from strong design win traction, new product ramps, and share gains, the analyst tells investors.