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Fly News Breaks for March 14, 2019
SMTC
Mar 14, 2019 | 08:06 EDT
As previously reported, Roth Capital downgraded Semtech to Neutral from Buy, with a $49 price target, citing the stock's valuation on revised expectations. The analyst notes that the company reported "solid" Q4 results that were offset by a lagging April outlook. While he had expected weakness in smartphones and a pause in Data Center, the outlook was weaker than expected.
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