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Fly News Breaks for December 6, 2018
SMTC
Dec 6, 2018 | 16:52 EDT
Susquehanna analyst Chris Roland initiated Semtech with a Neutral rating and a price target of $54. The analyst states that the stock represents a "powerful way for investors to gain Internet of Things exposure", but also sees its valuation at an estimated over 15-times enterprise value to trailing 12 months sales as "not cheap".
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