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Fly News Breaks for August 2, 2016
IDTI
Aug 2, 2016 | 08:41 EDT
Barclays analyst Blayne Curtis lowered Integrated Device's price target to $19 from $21 following lowered September guidance due to the Huawei SRIO design loss. The analyst believes it will be difficult to make up the revenue and said the story will struggle to work into the seasonally weaker December and March quarters. Curtis has an Underweight rating on Integrated Device shares.
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