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Fly News Breaks for April 17, 2018
ZTCOY, ACIA
Apr 17, 2018 | 06:38 EDT
Deutsche Bank analyst Vijay Bhagavath lowered his price target for Acacia Communications (ACIA) to $35 to reflect the impact of the company's 25% revenue exposure to ZTE (ZTCOY) in fiscal 2018. The analyst, however, views yesterday's 36% pullback as overdone and keeps a Buy rating on the shares.
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