Tuesday, 29 May 2012

Williams Financial Group Upgrades Semtech (NASDAQ: SMTC) from HOLD to BUY

Analysts at Williams Financial Group upgrade their rating on the shares of Semtech (NASDAQ: SMTC) from HOLD to BUY. The 12-month target price is set to $32.
 In a research note published on May 25, the analysts mention that the quarter of the company was actually fairly strong and in line with Street expectations, although the fact that results were below the consensus and could pressurize shares of the SMTC in Friday trading.

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