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Fly News Breaks for December 8, 2015
MLNX
Dec 8, 2015 | 07:10 EDT
Piper Jaffray analyst Andrew Nowinski raised his price target for Mellanox Technologies to $65 saying the stock has "multiple ways" to outperform in 2016. Despite three consecutive beat-and-raise quarters in 2015, the stock has modestly underperformed the NASDAQ, Nowinski tells investors in a research note. He reiterates an Overweight rating on the name.
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