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Fly News Breaks for May 18, 2015
ISIL
May 18, 2015 | 06:19 EDT
Piper Jaffray says an improving operational structure and a "healthy" dividend yield limit the downside risk in shares of Intersil. After hosting meetings with management, Piper tells investors that accelerating revenue growth in 2016 should lead to a higher share multiple for Intersil. It views the stock as compelling for longer term investors and keeps an Overweight rating on the name with a $16 price target.
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