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Fly News Breaks for August 29, 2018
MPWR
Aug 29, 2018 | 08:03 EDT
KeyBanc analyst John Vinh raised his price target for Monolithic Power to $170 from $150 following investor meetings as he is becoming more confident with its recently announced e-commerce strategy. While Monolithic Power is not immune to a significant correction, the analyst believes the path to $1B in revenues is well-paved given server and auto growth vectors. He reiterates an Overweight rating on the shares.
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