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Fly News Breaks for June 28, 2016
IPHI
Jun 28, 2016 | 08:39 EDT
Roth Capital analyst Brian Alger says that over the past couple trading sessions Inphi's stock has been under greater pressure than its peers, but he does not believe the move is based on any fundamental shift in the near, medium, or long-term prospects for the business. The analyst remains confident that the company's business is on track and that the prospects over the medium term continue to improve. Alger reiterates a Buy rating and $37 price target on the shares.
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