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Fly News Breaks for January 19, 2018
IPHI
Jan 19, 2018 | 07:01 EDT
BofA/Merrill analsyt Vivek Arya downgraded Inphi to Neutral and lowered its price target to $40 from $46 following management commentary regarding continued uncertainty in China optical long haul and metro deployments, including excess inventory in its most profitable product of amplifiers. Arya believes Q1 could be down 10-15%, pressuring 2018 earnings and pushing out a recovery further into second half of 2018.
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