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Fly News Breaks for November 18, 2019
MTSI
Nov 18, 2019 | 09:01 EDT
Northland analyst Tim Savageaux raised his price target on Macom Technology Solutions shares to $30 from $22.50 following the company's better than expected Q2 report and his subsequent meeting with senior management, both of which he said gave him a better sense of the company's "crisp execution and measured expectations." The analyst, who sees Macom having a path toward earnings power to "support both the recent strong move in the shares and future upside potential," keeps an Outperform rating on the stock.
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