Lattice Semiconductor price target raised to $70 from $65 at Stifel

Stifel raised the firm’s price target on Lattice Semiconductor (LSCC) to $70 from $65 and keeps a Buy rating on the shares. Lattice reported largely inline Q4 results with guidance slightly above consensus which, along with management commentary on gradually improving bookings, were “a better outcome than feared given recent industry peer results and commentary,” the analyst tells investors.