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Fly News Breaks for April 6, 2017
MTSI
Apr 6, 2017 | 09:20 EDT
Stephens analyst Harsh Kumar raised his price target for MACOM to $60 from $55 as he feels like the company is about to enter a new stage of growth driven by resurgence in all areas of optical, new defense deals, GaN-on-Silicon revenue stream and positive trends in gross margin. The analyst reiterates an Overweight rating on the shares.
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