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Fly News Breaks for March 13, 2015
BRCM, CAVM
Mar 13, 2015 | 08:43 EDT
FBR Capital raised its price target for Cavium (CAVM) to $75 from $68 and for Broadcom (BRCM) to $52 from $50 saying it considers both companies the "quiet winners" of the 2015 Open Compute Summit. FBR believes the next-generation switch silicon from both companies are "creating a buzz" and it keeps Outperform ratings on the names.
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