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Fly News Breaks for February 24, 2016
MLNX
Feb 24, 2016 | 07:11 EDT
Topeka analyst Suji Desilva upgraded Mellanox to Buy and increased his price target to $60 from $46 on shares. The analyst believes the acquisition of EZchip Semiconductor technology is highly complimentary and expects cost synergies as well as revenue synergies over the next several quarters.
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