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Fly News Breaks for April 27, 2017
MLNX
Apr 27, 2017 | 09:12 EDT
Roth Capital analyst Brian Alger downgraded Mellanox to Neutral from Buy after the company reported a disappointing Q1. While management believes Infiniband is going to rebound over the next two quarters and should result in a full year of growth revenues, the analyst is not so certain. Alger also lowered his price target on the shares to $53 from $60.
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