Stifel Maintains Buy on Semtech, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a 'Buy' rating on Semtech (NASDAQ:SMTC) but lowers the price target from $32 to $30.
September 14, 2023 | 2:13 pm
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NEUTRAL IMPACT
Stifel maintains a 'Buy' rating on Semtech but lowers the price target from $32 to $30.
The news is directly about Semtech. While the 'Buy' rating is maintained, the lowering of the price target might create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100