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Fly News Breaks for November 2, 2016
CAVM
Nov 2, 2016 | 07:25 EDT
Brean Capital analyst Mike Burton raised his price target on Cavium to $63 from $57 following its Q3 results. The analyst cited its strong product cycles in combination with solid results from newly acquired Qlogic. Burton believes the combination of the two companies will result in one of the few Communications and Data Center semiconductor pure plays in the market. Burton reiterated his Buy rating on Cavium shares.
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