Lattice Semiconductor price target lowered to $54 from $60 at KeyBanc

KeyBanc lowered the firm’s price target on Lattice Semiconductor (LSCC) to $54 from $60 and keeps an Overweight rating on the shares. The firm notes Lattice reported in-line Q3 results and guided Q4 lower, as weakness within the Industrials end market continues to persist, partially offset by strength in Comms and Compute, as Telecom has bottomed, while data center is strong.