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Fly News Breaks for May 31, 2018
SMTC
May 31, 2018 | 08:02 EDT
Roth Capital analyst Scott Searle raised his price target for Semtech to $51 from $45 after the company produced a slight beat and raise driven by continued strength in Data Center, record LoRa sales, funnel and backlog, a recovery in mobility and a surprise bounce in PON and wireless base-stations. The analyst reiterates a Buy rating on the shares.
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