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Fly News Breaks for September 25, 2015
SMTC
Sep 25, 2015 | 07:38 EDT
MKM Partners downgraded Semtech to Neutral with a $17 price target. Analyst Ian Ing has increased concerns on the negative impact from China on semiconductors and the major demand dislocations working through the supply chain. Ing said the China related slowdown is impacted semis across a wide range of applications and demand is being exacerbated by another round of inventory destocking the EMS supply chain.