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Fly News Breaks for February 2, 2017
CAVM
Feb 2, 2017 | 09:01 EDT
Needham analyst N. Quinn Bolton raised his price target for Cavium to $77 from $66 after the company posted its third consecutive beat and raise quarter with strength across all areas of its business. Given the company's recent success and management's upbeat outlook for 2017, the analyst says he remains positive on the story and management's ability to execute. He reiterates a Buy rating on the shares.
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