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Fly News Breaks for September 14, 2017
LSCC
Sep 14, 2017 | 09:03 EDT
Craig-Hallum analyst Richard Shannon lowered his price target for Lattice Semiconductor to $6 from $8.30 after President Trump blocked the Canyon Bridge offer to buy the company for $8.30/share, agreeing with the CFIUS committee's recommendation from two weeks ago. The analyst notes that this is not a surprise given Trump's rhetoric regarding China, even though he thinks the arguments for sensitive technology and military exposure are not well supported. Shannon reiterates a Hold rating on the shares.
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