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Fly News Breaks for October 23, 2015
IPHI
Oct 23, 2015 | 06:22 EDT
Piper Jaffray analyst Ruben Roy raised his price target for Inphi to $33 ahead of the company's Q3 earnings next week. Given the recent outperformance of shares, an inline quarter and guidance are not likely to act as a significant catalyst to shares, Roy tells investors in a research note. However, he continues to expect revenue and earnings growth above peers into 2017. The analyst keeps an Overweight rating on the name.
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