Stifel analyst Ruben Roy upgraded Lattice Semiconductor to Buy from Hold with a $55 price target. The company announced the appointment of Dr. Ford Tamer as CEO and to the company’s board, effective immediately, and given Tamer’s extensive industry experience and an impressive track record of working with and building successful semiconductor/components businesses, the firm views that appointment positively, the analyst tells investors in a research note. Lattice also re-affirmed its Q3 guidance, which calls for modest sequential revenue growth following three quarters of double-digit sequential declines, Stifel added.
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