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Fly News Breaks for January 6, 2017
MSCC
Jan 6, 2017 | 09:22 EDT
Following Consumer Electronics Show's first day, Stephens analyst Harsh Kumar notes that Microsemi's overall business appears to be good and the company expects to be on track for its organic growth target of 6%-8% during 2017. Furthermore, the analyst continues to believe that Microsemi remains an "attractive acquisition" target with a likely take out price of $55-$60. He reiterates an Overweight rating and $63 price target on the shares.
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