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Fly News Breaks for October 10, 2017
MPWR
Oct 10, 2017 | 07:21 EDT
SunTrust analyst William Stein initiated Monolithic Power with a Buy rating and a price target of $132, saying the company is in the early stages of multi-year structural growth and margin expansion. Stein says new products and operating leverage will produce higher sales and EPS growth in the high 20 percentile, adding the company only penetrates about 1% of a $45B semiconductor market expected to benefit from innovations in automotive and motion control technologies.
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