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Fly News Breaks for January 8, 2016
INVN
Jan 8, 2016 | 07:14 EDT
Rosenblatt analyst Jun Zhang downgraded InvenSense (INVN) to Neutral due to market share loss at Samsung, increased optical image stabilization competition, Apple's (AAPL) weakness, and gyroscope pricing pressure. The analyst lowered his price target to $10 but remains opportunistic for Invensense in second half 2016 due to both 100% share and possible content dollar growth in the iPhone 7, and M&A opportunities.
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