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Fly News Breaks for December 8, 2016
MSCC
Dec 8, 2016 | 09:25 EDT
Stephens analyst Harsh Kumar would continue to be a buyer of Microsemi as he believes the fundamentals of the business remain solid and the company remains well positioned in its served markets, which could be attractive to several companies. Overall, Kumar feels that Microsemi is executing "perfectly to plan," and reiterates an Overweight rating on the stock. He also raised his price target on the shares to $63 from $60.
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