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Fly News Breaks for October 27, 2016
MPWR
Oct 27, 2016 | 07:10 EDT
Oppenheimer analyst Rick Schafer raised his price target for Monolithic Power to $88 from $80 ahead of results. The analyst sees upside to Q3 consensus and says the company's long term growth potential remains robust, with greenshoot growth opportunities across auto, industrial, server and BMS amplifying ongoing share gains. He reiterates an Outperform rating on the shares.
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