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Fly News Breaks for June 27, 2017
CCMP
Jun 27, 2017 | 08:48 EDT
Needham analyst Y. Edwin Mok upgraded Cabot Microelectronics to Buy from Hold citing its high exposure to strong growth in 3D NAND production and the increased success of its pad business, which give him increased confidence in its growth opportunity. The analyst, who recommends buying shares ahead of the SEMICON event and the company's Q3 earnings report, set an $85 price target on Cabot shares.
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