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Fly News Breaks for February 8, 2017
IPHI
Feb 8, 2017 | 09:19 EDT
As reported previously, Cowen analyst Wayne Loeb upgraded Inphi to Outperform from Market Perform citing its strength across all markets. Loeb cited the existing Long Haul and Metro business growth, the company's ability to leverage its early technology in the China market, and cloud customer pull for higher data rates. Loeb raised his price target to $56 from $44 on Inphi shares.
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