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Fly News Breaks for September 14, 2015
MSCC
Sep 14, 2015 | 07:40 EDT
Stephens analyst Harsh Kumar believes Microsemi is better positioned for weakness in China than most of its semiconductor peers and that the company is still on track to achieve its gross margin and operating margin targets by the second half of FY16. Kumar, who also thinks that the Aerospace and Defense markets are approaching a "major refresh cycle" that will benefit Microsemi, keeps an Overweight rating and $45 price target on the stock.
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