Fly News Breaks for August 29, 2019
Aug 29, 2019 | 09:12 EDT
Stifel analyst Tore Svanberg lowered his price target for Semtech to $50 from $55 saying Huawei continues to weigh on the company's outlook. However, despite lowered LoRa expectations in fiscal 2020, key long-term LoRa metrics continue to improve, Svanberg tells investors in a research note. He maintains a Buy rating on Semtech shares.
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