"We downgrade Lattice Semiconductor from Neutral to Underperform on slowing growth prospects and muted visibility," analysts led by Duksan Jang wrote in an investor note. "Q2 sales below midpoint of guide and Q3 also below [consensus], with our new CY24E pf-EPS now 23% lower. As expected, Q2 auto/industrial suffered from broad end market weakness and inventory normalization, with weakness largely extending into at least 2H."