Baird raised the firm’s price target on Semtech (SMTC) to $110 from $88 and keeps an Outperform rating on the shares. The firm updated its model as they see a multi-year revenue growth path for copper and a signficant revenue acceleration in the second half of the year.
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Read More on SMTC:
- Semtech price target raised to $102 from $77 at Roth Capital
- Semtech price target raised to $98 from $90 at Stifel
- Semtech price target raised to $89 from $85 at Morgan Stanley
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