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Fly News Breaks for August 17, 2015
IPHI
Aug 17, 2015 | 06:40 EDT
Morgan Stanley upgraded Inphi to Overweight with a $31.50 price target. The firm said upside from a new data center optical product cycle could add $1 to 2017 earnings. Morgan Stanley said the market will start adopting a new technology called "4 level Pulse amplitude modulation," or PAM4, and Inphi has established itself as the early leader in the technology. Additionally, the firm expects strong growth in Inphi's core communications business to continue and for the memory segment to rebound next year.
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