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Fly News Breaks for June 21, 2018
POWI
Jun 21, 2018 | 16:36 EDT
Loop Capital analyst Cody Acree initiates Power Integrations with a Buy rating and a price target of $89. Acree cites the company's "diversified end market exposure" and believes that growth could top the management's "more conservative" guidance. The analyst also notes Power Integrations' lack of dependence on any single vertical, end market, or region, while participating in the high-growth Internet of Things segment.
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