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Fly News Breaks for May 3, 2017
IPHI
May 3, 2017 | 08:44 EDT
Craig-Hallum analyst Richard Shannon lowered his price target for Inphi to $49 from $59 as the company's Q2 guidance driven by severe inventory burn in was worse than expected. The analyst, however, argues that Colorz is ramping ahead of plan and lower Q2 gross margin guide is not a concern, and says he is a buyer on big dips. He reiterates a Buy rating on the shares.
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