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Fly News Breaks for July 23, 2019
IFNNY
Jul 23, 2019 | 08:14 EDT
Loop Capital analyst David Williams initiated Infineon with a Buy rating and a price target of EUR19, saying the company should be able to outpace the industry average growth trend while "capturing expanded content opportunities" and gaining share in its core markets. The analyst also expects Infineon's recent acquisition of Cypress Semi to "contribute meaningfully" across its business lines and create "new content opportunities for memory solutions."
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