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Fly News Breaks for April 28, 2016
CAVM
Apr 28, 2016 | 08:33 EDT
Canaccord lowered its price target on Cavium to $67 from $73 following Q1 results. The firm said their long-term conviction in the name remains, but the near to medium-term growth visibility remains a challenge. Canaccord lowered its estimates due to the company's lower guidance, but they believe long-term investors will be rewarded. Canaccord maintained its Buy rating on Cavium shares.
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