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Fly News Breaks for May 30, 2018
PXLW
May 30, 2018 | 08:45 EDT
Lake Street analyst Jaeson Schmidt left a visit to Pixelworks headquarters continuing to believe the company can see "meaningful" sales growth longer-term driven by its mobile and video delivery businesses. He believes Pixelworks' mobile business, while still small, has "strong" pipeline and customer engagements, which will likely lead to additional win announcements later this year. The analyst reiterates a Buy rating on the shares with a $6.50 price target.
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