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Fly News Breaks for March 15, 2018
SMTC
Mar 15, 2018 | 07:44 EDT
RBC Capital analyst Mitch Steves raised his price target on Semtech to $39 and kept his Sector Perform rating citing a better than expected Q4 earnings report. Steves says the company's LoRa technology is on track to deliver up to $100M in revenue next year while the company's PON business is also seeing some strength. The analyst keeps his Sector Perform rating on Semtech.
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