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Fly News Breaks for January 8, 2016
CRUS
Jan 8, 2016 | 07:03 EDT
Pacific Crest analyst John Vinh upgraded Cirrus Logic to Overweight after the company negatively preannounced Q3 results amid iPhone weakness. The analyst has more confidence in the company's nois-canceling earbud opportunity in the iPhone 7 after attending the Consumer Electronics Show. He believes expectations have been reset with the pullback in shares and has a $40 price target for the name.
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