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Fly News Breaks for February 8, 2018
IPHI
Feb 8, 2018 | 06:30 EDT
Deutsche Bank analyst Ross Seymore recommends buying shares of Inphi on near-term weakness following the company's softer than expected Q1 outlook. Inphi's guidance for near-term headwinds is likely to prove conservative and temporary, Seymore tells investors in a post-earnings research note. He lowered his price target for the shares to $37 from $41 and maintains a Buy rating on the name. Seymore believes the company's "wide array of new product launches" and a rebound in long haul/metro should deliver 25% growth in 2019 earnings.
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