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Fly News Breaks for January 29, 2020
MTSI
Jan 29, 2020 | 06:05 EDT
Piper Sandler analyst Harsh Kumar raised his price target for Macom Technology to $36 from $32 saying the company reported an "impressive" December quarter and provided guidance ahead of Street expectations. Most importantly, Macom appears to be participating in its key markets with both existing and newly introduced products, Kumar tells investors in a research note. The analyst feels the company's execution, new product introductions, and financial metrics "are all moving in the right direction."
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