Lattice Semiconductor (LSCC) PT Raised to $8 at Baird

Baird raised its price target on Lattice Semiconductor (NASDAQ: LSCC) to $8.00 (from $6.00) while maintaining a Neutral rating.

Analyst Tristan Gerra commented, "New management team is working on deleveraging the balance sheet, reducing channel inventories, while Lattice's now higher gross margin profile benefits from minimal smartphone exposure and a focus on higher-margin markets such as Industrial and Automotive along with a more diversified customer base. IoT, edge computing, video surveillance offer growth opportunities for the medium term."

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