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Fly News Breaks for November 1, 2019
PXLW
Nov 1, 2019 | 08:10 EDT
Lake Street analyst Jaeson Schmidt downgraded Pixelworks to Hold from Buy with an unchanged price target of $3.50. While he is encouraged by the growing momentum in mobile, he thinks the ramp in that business will put near-term pressure on gross margin. Meanwhile, he believes continued uncertainty amid inventory correction in both the projector and video delivery businesses will create near-term headwinds, Schmidt tells investors.
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