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

Stifel analyst Tore Svanberg raised the firm’s price target on SiTime (SITM) to $250 from $230 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.