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Fly News Breaks for March 9, 2017
SMTC
Mar 9, 2017 | 07:22 EDT
Oppenheimer analyst Rick Schafer raised his price target for Semtech to $42 from $36 after its fifth consecutive beat/raise. Looking forward, the analyst sees ramping optical, LoRa and China handset revenue driving outsized revenue/earnings growth for the foreseeable. He reiterates an Outperform rating on the shares.