Lattice Semiconductor price target lowered to $50 from $58 at BofA

BofA analyst Duksan Jang lowered the firm’s price target on Lattice Semiconductor (LSCC) to $50 from $58 and keeps an Underperform rating on the shares. For U.S. chip vendors, the firm expects Q1 results to beat as their original outlook was likely conservative and as tariff related pull-ins created a better demand environment, the analyst tells investors in an earnings preview for the group. However, the firm lays out scenarios where a “modest” tariffs equate to a 4%-6% sales hit on average for the group and where “deeper” tariffs in “a dire scenario” equate to sales decline of 9% and 12% in calendar year 2025 and 2026 on average. In a modest tariff scenario, the EPS hits could be 12%-13%, added the firm, which lower targets across its semis coverage to reflect growing uncertainty.