Lattice Semiconductor price target raised to $70 from $54 at KeyBanc

KeyBanc raised the firm’s price target on Lattice Semiconductor (LSCC) to $70 from $54 and keeps an Overweight rating on the shares. The firm is expecting the company to report in-line results and in-line to slightly lower guidance, given muted broad-based demand trends within industrials continuing, especially in North America and Europe. However, this should be slightly offset by early signs of a bottom and strong data center demand, as well as the ramp of Avant mid-range FPGAs and new Nexus 2 small FPGAs .