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Fly News Breaks for March 4, 2016
AMBA
Mar 4, 2016 | 08:05 EDT
Stifel says that Ambarella's Q1 guidance miss was caused by sports camera inventory that is expected to "linger well into Q1." The firm expects Ambarella's year-over-year growth to rebound to 20% once the inventory adjustment is completed. It keeps an $86 price target and Buy rating on the shares.
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