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Fly News Breaks for January 30, 2017
CAVM
Jan 30, 2017 | 08:28 EDT
Roth Capital analyst Brian Alger raised his price target for Cavium to $75 from $65 on increased confidence in the 2018 outlook. While 2017 is expected to see "strong growth," it is the compound effect of the cyclical investment cycle that will come with the development of 5G networks that gives the analyst greater confidence in his 2018 projections. He reiterates a Buy rating on the shares.
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