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Fly News Breaks for June 20, 2018
MLNX
Jun 20, 2018 | 08:42 EDT
Stifel analyst Kevin Cassidy said he views Mellanox's director agreement with Starboard as a "significant win" for investors, stating that the addition of successful leaders in the semiconductor industry to the board is important for sustained growth. Mellanox management agreeing to higher operating margin expansion targets is "testimony to management's confidence in new product traction," added the analyst, who keeps a Buy rating and $111 price target on the stock.
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