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Fly News Breaks for May 1, 2018
IDTI
May 1, 2018 | 07:56 EDT
As previously reported, BofA/Merrill upgraded Integrated Device to Neutral from Underperform and raised its price target to $34 from $30. Following the Q4 report, Analyst Vivek Arya said he is encouraged by top line growth and operating leverage, and is also positive on the company's commitment to buybacks. Arya also likes Integrated's exposure to numerous diverse product cycles in memory interface, optical, wireless charging, auto/industrial sensors, RF, and advanced timing but is cautious on consumer/communications end markets.
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