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Stock impact report

Semtech price target raised to $91 from $90 at B. Riley [Yahoo! Finance]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Yahoo! Finance
B. Riley raised the firm's on Semtech ( SMTC ) to $91 from $90 and keeps a Buy rating on the shares. Semtech modestly beat Q3 expectations, guided Q4 above consensus on revenue, and highlighted multiple signs of accelerating Data Center momentum, the analyst tells investors in a research note While mix-driven margin pressure and lack of EPS upside weighed on the stock, the broader setup points to continued growth recovery, the firm says. Show less Read more
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