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Fly News Breaks for May 9, 2018
CEVA
May 9, 2018 | 12:43 EDT
Roth Capital analyst Suji Desilva lowered his price target for Ceva to $44 to reflect near-term headwinds from infrastructure customer ZTE, smartphone inventory digestion and a new accounting standard. The analyst, however, is encouraged by Ceva's "continued licensing strength and healthy full-year royalty outlook supported by wireless infrastructure ramp." He keeps a Buy rating on the shares following the Q1 earnings report.
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