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Fly News Breaks for November 23, 2015
CAVM
Nov 23, 2015 | 08:31 EDT
As noted earlier, JMP Securities downgraded Cavium to Underperform from Market Perform. The firm says its industry checks indicate that the company is facing higher-than-expected competitive, cost, and timing risks. The firm believes that consensus estimates for the company are excessive, while its valuation is also too high. Target $50.
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