B. Riley Securities Maintains Buy on Semtech, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Kennison maintains a 'Buy' rating on Semtech (NASDAQ:SMTC) but lowers the price target from $52 to $45.
September 14, 2023 | 12:56 pm
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NEUTRAL IMPACT
Semtech's price target has been lowered from $52 to $45 by B. Riley Securities, though the 'Buy' rating is maintained.
The news directly pertains to Semtech (SMTC) as B. Riley Securities has lowered its price target for the company. However, the 'Buy' rating is maintained, indicating that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100