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Fly News Breaks for July 20, 2018
MPWR
Jul 20, 2018 | 07:04 EDT
Oppenheimer analyst Rick Schafer maintained an Outperform rating and $150 price target on Monolithic Power Systems ahead of the company's Q2 results on July 25. In a research note to investors, Schafer says he remains a buyer, as he sees a beat/raise set-up, and contends that the company has "myriad greenfield growth opportunities" in diverse end markets including auto, DC/cloud, motion control and ecommerce. Additionally, he says he likes management's history of consistent execution and long-term growth/GM story.
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