Raymond James lowered the firm’s price target on Lattice Semiconductor (LSCC) to $64 from $66 and keeps an Outperform rating on the shares. Lattice Semiconductor reported Q1 results and a Q2 outlook that were in line with consensus, and the company saw improving booking and backlog trends with no material impact from tariffs thus far, the analyst tells investors in a research note. Lattice is well-positioned to outgrow the field programmable gate array market driven by share gains in mid-range and secular growth in AI server and security markets.
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