SiTime price target raised to $270 from $250 at Stifel

Stifel raised the firm’s price target on SiTime (SITM) to $270 from $250 and keeps a Buy rating on the shares after a December quarter beat and top-line guidance raise for the March quarter. SiTime “continues to move in the right direction, with compelling secular growth exposure across all three business segments,” the analyst tells investors.