SiTime price target lowered to $230 from $250 at Stifel

Stifel analyst Tore Svanberg lowered the firm’s price target on SiTime (SITM) to $230 from $250 and keeps a Buy rating on the shares. In the Analog, Connectivity, and Processors sector, the firm lists SiTime as one of the companies with considerable resets, but strong secular growth, the analyst tells investors.