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Fly News Breaks for August 23, 2016
ISIL
Aug 23, 2016 | 07:56 EDT
Following several media reports of a potentially nearing acquisition of Intersil (ISIL) by Renesas (RNECY), Deutsche Bank analyst Ross Seymore raised his price target on Intersil to $21 from $17 to match the high end of the implied take-out valuation range indicated in those reports. The analyst keeps a Buy rating on Intersil shares.
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