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Fly News Breaks for December 5, 2016
AMCC, MTSI
Dec 5, 2016 | 07:30 EDT
Jefferies analyst Mark Lipacis believes investor skepticism around MACOM (MTSI) and the acquisition of Applied Micro Circuits (AMCC) "makes for an attractive circumstance." The analyst sees "compelling opportunities" for the company in intra-datacenter connectivity and active antennas and continues to view MACOM as a top pick. He keeps a Buy rating on the shares with a $52 price target.
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