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Fly News Breaks for January 22, 2018
IPHI
Jan 22, 2018 | 05:35 EDT
Jefferies analyst Mark Lipacis recommends buying shares of Inphi following Friday's selloff. While the China inventory correction is worse than expected, the risk is now priced into the shares, Lipacis tells investors in a research note. The analyst likes Inphi's "differentiated leadership" in optical components and keeps a Buy rating on the shares. He cut his price target for the name to $40 from $50.
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