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Fly News Breaks for November 2, 2016
IPHI
Nov 2, 2016 | 08:07 EDT
Roth Capital analyst Brian Alger raised his price target for Inphi to $50 from $44 after the company delivered a "strong" report. Now heading into 2017, Inphi looks to benefit from ColorZ, continued strong long-haul and metro demand in China, and the just announced acquisition of ClariPhy, Alger noted. The analyst reiterates a Buy rating on the shares.
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