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Fly News Breaks for May 3, 2017
IPHI
May 3, 2017 | 08:35 EDT
Roth Capital analyst Brian Alger lowered his price target for Inphi to $51.70 from $57 as the negative impact on its near-term outlook from China is greater than he previously realized. The analyst recommends investors buy the "seemingly inevitable" pull back, as he sees the fundamental outlook beyond the immediate time frame as unchanged for Inphi, and thus, an attractive entry point with plentiful volume is anticipated. Alger reiterates a Buy rating on the shares.
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