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Fly News Breaks for July 21, 2015
FORM
Jul 21, 2015 | 09:14 EDT
Summit Research analyst Srini Sundararajan says the risk/reward equation on shares of FormFactor is "solely in the direction of reward" following the 21% drop in a week. Shares overreacted to weakness in the PC and DRAM markets, Sundararajan tells investors in a research note. The company, which has cash has 43% of its current market capitalization in cash, remains a "premium takeover target," he writes. The analyst maintains a Buy rating on FormFactor with a $12 price target.
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