KeyBanc lowered the firm’s price target on Lattice Semiconductor (LSCC) to $70 from $75 and keeps an Overweight rating on the shares. The firm notes the company reported in-line Q1 results and Q2 guidance. Management indicated it will take a few more quarters to get channel inventory to normalize vs. prior expectations of mid-2025 as Industrial demand is improving albeit at a slower than expected rate than previously expected. However, Lattice is reiterating expectations for low single digits revenue growth in 2025, KeyBanc adds.
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