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Fly News Breaks for July 10, 2017
CAVM
Jul 10, 2017 | 05:41 EDT
Jefferies analyst Mark Lipacis upgraded Cavium to Buy and raised his price target for the shares to $79 from $73. The company will benefit as the industry undergoes a "tectonic shift towards a parallel computing model," Lipacis tells investors in a research note. Cavium has the only commercially viable 64-bit ARM server vendor currently in the market, the analyst adds.
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