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Fly News Breaks for September 20, 2019
IPHI
Sep 20, 2019 | 08:35 EDT
BofA Merrill Lynch analyst Vivek Arya raised his price target on Inphi shares to $80 from $75 after hosting a call with the company's CEO and CFO that left him bullish on the company's ability to be the "fastest growth company in semis" both in the near and longer-term. Arya, who cites 400G cloud upgrades, telco 5G rollouts, and industry consolidation and "turmoil" to support his view of Inphi's superior growth prospects, keeps a Buy rating on the stock.
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