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Fly News Breaks for April 12, 2018
MPWR
Apr 12, 2018 | 07:25 EDT
Raymond James analyst Chris Caso initiated Monolithic Power with a Strong Buy rating and a price target of $140. Caso cites the company's strong free cash flows and high-teen revenue growth positioning Monolithic Power into an industry niche. He also notes the company's small size as it helps remove the growth constraints weighing on its larger peers. Over the near term, the analyst sees "strong industry conditions" creating good revenue visibility for Monolithic Power.
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