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Fly News Breaks for April 13, 2018
MLNX
Apr 13, 2018 | 06:16 EDT
Loop Capital analyst James Kisner raised his price target on Mellanox to $100, updating his model following the company's positive pre-announcement on February 21st. Kisner expects Mellanox to benefit from the adoption of high-speed Ethernet network interface cards and switches by hyperscale Internet/Web 2.0 companies. The analyst also sees the involvement by Starboard as a positive catalyst that could yield a sale of the company or lead to operating improvements. Kisner keeps his Buy rating on Mellanox.
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