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Fly News Breaks for May 9, 2018
SMTC
May 9, 2018 | 07:24 EDT
As reported earlier, RBC Capital analyst Mitch Steves upgraded Semtech to Outperform from Sector Perform and raised his price target to $50 from $39. The analyst contends that the stock is undervalued based on his sum-of-the-parts analysis valuation as well as the potential of better than expected performance and margin expansion from the company's long-range transceiver technology.
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