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Fly News Breaks for October 27, 2015
PXLW
Oct 27, 2015 | 08:50 EDT
Roth Capital says that Pixelworks' (PXLW) stock sold off yesterday on worries about Apple (AAPL) in the wake of Dialog's negative preannouncement. However, the firm says that Pixelworks has no exposure to Apple's products over the near-term. Roth expects Pixelworks to report roughly in-line Q3 results on November 5, and it expects the company's revenue to grow by double digit percentage levels in 2H15 and 2016. Roth keeps an $8 price target and Buy rating on the shares.
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