Lattice Semiconductor price target raised to $66 from $52 at Raymond James

Raymond James raised the firm’s price target on Lattice Semiconductor (LSCC) to $66 from $52 and keeps an Outperform rating on the shares. Lattice reported in-line Q4 revenue, with a better than consensus outlook for Q1, with management highlighting improving booking trends and commenting that the company remains optimistic that customer inventories will normalize by mid-year, the analyst tells investors in a research note. The firm expects cyclical headwinds to fade further in coming quarters.