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Fly News Breaks for July 30, 2015
ISIL
Jul 30, 2015 | 09:05 EDT
Susquehanna said Intersil's disappointing Q2 results were not a surprise as they had seen weakness in Asia and lowered their estimate accordingly. The firm believes management will mitigate its current revenue weakness through cost controls and noted its mention as a potential M&A candidate should provide a floor for shares. Susquehanna maintained its Positive rating but lowered its price target to $14 from $18 on Intersil shares.
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