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Fly News Breaks for March 23, 2016
IPHI
Mar 23, 2016 | 06:13 EDT
Deutsche Bank analyst Ross Seymore upgraded Inphi to Buy citing more confidence in the company's core communications business after attending the Optical Fiber Communication Conference. The company's growth drivers are "too compelling to ignore," Seymore tells investors in a research note. He raised his price target for the shares to $40 from $30.
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