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Fly News Breaks for October 28, 2016
MLNX
Oct 28, 2016 | 08:57 EDT
Brean Capital analyst Mike Burton lowered his price target on Mellanox to $52 from $60 following Q3 results. The company issued disappointing guidance but the analyst remains constructive on the shares and the company's prospects as he believes the company is well positioned in both its Ethernet business and its core InfinBand business. Burton maintained his Buy rating on Mellanox shares.
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