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Fly News Breaks for August 31, 2015
QLGC
Aug 31, 2015 | 05:28 EDT
Summit Research analyst Srini Nandury upgraded QLogic to Buy citing a favorable risk/reward following the recent pullback in shares. The stock is down 37% from early June highs, the analyst points out. The stock "could work" if the company only meets its targets for the year, Nandury writes. He raised his price target for the supplier of storage networking connectivity products to $13 from $11. QLogic closed Friday up 5c to $10.11.
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