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Fly News Breaks for January 26, 2018
CCMP
Jan 26, 2018 | 08:41 EDT
Needham analyst Y. Edwin Mok raised his price target on Cabot Microelectronics to $120 after Q1 earnings, citing sustained demand from advanced memory applications that was also reflected in Q2 guidance. Mok keeps his Buy rating on Cabot, saying the company is "the best consumables name leveraged to the production ramp of 3D NAND technology" with a solid balance sheet and strong cash flow generation.
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