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Fly News Breaks for September 13, 2018
MPWR
Sep 13, 2018 | 17:17 EDT
Oppenheimer analyst Rick Schafer kept his Outperform rating and $150 price target on Monolithic Power, saying the stock price of as much as 8% earlier today was the result of "misinterpreted" management commentary that was magnified by the macro fears on the semiconductor group. The analyst states that the discussions of "double ordering" is positive for the company, adding that Q3 and Q4 outlook are "on track for upside". Schafer also contends that today's selloff is a "buying opportunity" for investors.
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