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Fly News Breaks for February 2, 2018
POWI
Feb 2, 2018 | 10:12 EDT
As previously reported, Sidoti analyst Edgar Roesch downgraded Power Integrations to Neutral from Buy as he lowered his earnings estimates for 2018 and 2019 following the company's Q4 earnings report. Demand slowed "markedly" in December across a number of end markets, particularly appliances and phones, noted Roesch, who lowered his price target on Power Integrations shares to $72 from $93.
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