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Fly News Breaks for October 25, 2019
POWI
Oct 25, 2019 | 08:35 EDT
As previously reported, Loop Capital analyst David Williams upgraded Power Integrations to Buy from Hold with a price target of $102, up from $89. The analyst cites the company's Q3 earnings beat, as rapid charging business drove "strong" revenue growth and several new OEMs unveiled flagships models. Williams adds that he found the GaN switch technology adoption trending above expectations, with strong design activity expected to boost InnoSwitch 3 unit volumes.
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