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Fly News Breaks for April 26, 2017
MTSI
Apr 26, 2017 | 08:58 EDT
Needham analyst N. Quinn Bolton raised his price target for MACOM to $60 from $54 after the company delivered Q2 results at the high end of its prior guidance, while providing an outlook for Q3 in line with Street expectations. The analyst notes that data center strength is overshadowing carrier weakness, and reiterates a Buy rating on the shares.
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