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Fly News Breaks for August 4, 2016
CEVA
Aug 4, 2016 | 07:58 EDT
Oppenheimer analyst Andrew Uerkwitz raised his price target for CEVA to $37 from $32 following the company's quarterly results. The analyst says the company is growing LTE market share as each of its customers expand its LTE presence. Further, Uerkwitz believes CEVA's non-baseband segment continues to gain traction, with 2017/2018 setting up "nicely" as this segment becomes more material. He reiterates an Outperform rating on the shares.
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