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Fly News Breaks for February 6, 2019
MTSI
Feb 6, 2019 | 07:19 EDT
Craig-Hallum analyst Richard Shannon downgraded Macom to Hold from Buy and lowered his price target on the shares to $19 from $23. The analyst has been patiently waiting for any one of a number of potentially powerful growth drivers to inflect, and while he still has faith that the company possesses strong technology in these markets, Shannon says he is going to wait for clearer signs that those inflections are happening in the near-term. Further, the analyst notes that Macom's guide was even worse than he expected.
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