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Fly News Breaks for February 16, 2017
CAVM
Feb 16, 2017 | 06:33 EDT
Bofa/Merrill analyst Vivek Arya upgraded Cavium to Buy and increased its price target to $85 from $72 to reflect the recovery in organic sales to 20% year-over-year due to new products and recent management meetings that increased confidence in the diversity of the pipeline and growth opportunities for QLogic's Ethernet business that can offset the drag from legacy storage products.
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