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Fly News Breaks for March 16, 2017
IPHI
Mar 16, 2017 | 08:23 EDT
Stifel analyst Tore Svanberg acknowledges that optical component makers are experiencing weaker trends in China. However, the analyst says that Inphi's exposure to China is mainly in the area of its recent new digital module and DCO win, insulating it somewhat from the downward trend. Svanberg thinks that the weakness in the stock creates a buying opportunity, and the analyst keeps a $60 price target and a Buy rating on the shares.
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