Susquehanna Maintains Neutral on Semtech, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland maintains a Neutral rating on Semtech (NASDAQ:SMTC) and lowers the price target from $30 to $25.
June 01, 2023 | 12:15 pm
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Susquehanna analyst lowers Semtech's price target from $30 to $25, maintaining a Neutral rating.
The news directly mentions Semtech (NASDAQ:SMTC) and the lowered price target by Susquehanna analyst Christopher Rolland. The Neutral rating is maintained, indicating that the analyst does not expect significant short-term price movement. However, the lowered price target may cause some investors to reevaluate their positions, but overall, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100