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Fly News Breaks for February 1, 2017
MTSI
Feb 1, 2017 | 08:55 EDT
Needham analyst N. Quinn Bolton raised his price target for MACOM to $54 from $49 following quarterly results. With the LH/metro optical outlook still robust, data center revenue ramping, A&D poised for 40% year over year growth and increasing traction in GaN-on-Si PAs, the analyst reiterates a Buy rating on the shares.