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Fly News Breaks for April 19, 2018
DIOD
Apr 19, 2018 | 08:43 EDT
As previously reported, Longbow upgraded Diodes to Buy from Neutral with a $37 price target. Analyst Shawn Harrison expects rising demand, pricing, and Pericom growth to drive sales, gross margins, and earnings higher. In addition, Diodes should have a net positive cash position in 2H 2018, creating balance sheet flexibility for M&A, the analyst wrote in a note to investors.
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