Lattice Semiconductor price target lowered to $60 from $65 at Benchmark

Benchmark analyst David Williams lowered the firm’s price target on Lattice Semiconductor (LSCC) to $60 from $65 and keeps a Buy rating on the shares. Despite the macro uncertainty, the company is executing well against the areas within its control and fundamentals remain “surprisingly resilient,” the analyst tells investors. Lattice is maintaining strong cost discipline while new products continue to gain traction, which should “easily support” the company’s 15%-20% expected growth trajectory once demand inflects, the analyst added.