Lattice Semiconductor price target raised to $88 from $74 at BofA

BofA raised the firm’s price target on Lattice Semiconductor (LSCC) to $88 from $74 and keeps an Underperform rating on the shares. Lattice posted in-line Q4 results, but guided to Q1 sales and EPS 11% above the Street, the analyst noted. However, at current levels, the stock may already reflect much of this growth outlook and the firm continues to prefer other AI compute vendors with more attractive opportunities, the analyst tells investors.