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Stifel starts Semtech at Buy

Jul. 20, 2018 7:58 AM ETSemtech Corporation (SMTC) StockSMTCBy: Brandy Betz, SA News Editor
  • Stifel initiates Semtech (NASDAQ:SMTC) with a Buy rating and a $60 price target, an 18% upside to yesterday’s close.
  • The firm thinks Semtech has established a fast-growing analog company with multiple long-term, well-balanced and diversified growth vectors. The company has made focused R&D investments and a robust yet targeted M&A strategy. 
  • Source: Briefing.com. 
  • Semtech shares are flat premarket at $50.80.  

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