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Fly News Breaks for July 28, 2016
CRUS
Jul 28, 2016 | 08:02 EDT
Oppenheimer analyst Rick Schafer raised his price target for Cirrus Logic to $50 from $45 after the company delivered upside Q1 results and outlook. The analyst believes Cirrus Logic's content story "has legs" as the company capitalizes on incremental smart codec and greenfield MEMs microphone opportunities tied to ANC headsets. Schafer reiterates an Outperform rating on the shares.
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