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Fly News Breaks for July 14, 2015
AMBA
Jul 14, 2015 | 07:42 EDT
Canaccord raised its price target on Ambarella to $120 from $115 on the belief its portfolio of products, including application specific video encode, compression, and analytics processors, positions the company for strong sales and earnings growth. The company's technology differentiation, including camera capable drones, will drive share gains over the next few years, said the firm, which reiterated its Buy rating on Ambarella shares.
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