Roth MKM raised the firm’s price target on Semtech (SMTC) to $60 from $50 and keeps a Buy rating on the shares. Roth MKM expects Semtech to report in-line Q3 results, led by continued strength in Data Center and LoRa as well as normalization in industrial and telco end markets, the analyst tells investors in a research note. Expected headwinds in wireless connectivity should offset the continued semi recovery, the firm says.
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