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Fly News Breaks for May 23, 2018
IDTI
May 23, 2018 | 08:50 EDT
Cowen analyst Karl Ackerman initiated Integrated Device with an Outperform and $37 price target saying his analysis on both the memory biz and growing sensor platform shows significant opportunities for upward revisions. Ackerman believes investors are underestimating the architectural change in servers and believes the sensor business could be a $500M in revenues from $100M today.
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