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Fly News Breaks for December 13, 2016
IPHI
Dec 13, 2016 | 12:57 EDT
Roth Capital analyst Brian Alger raised his price target for Inphi to $55 from $50 after the company announced that it had completed the acquisition of ClariPhy Communications, which he believes will not only prove profitable but also strategic. Additionally, the analyst believes Inphi's end markets have remained "strong" throughout the current quarter and expects the company to close out the year with yet another "strong" quarterly report. He reiterates a Buy rating on Inphi's shares.
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