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Fly News Breaks for December 11, 2019
QRVO
Dec 11, 2019 | 07:31 EDT
Cowen analyst Karl Ackerman raised his price target on Qorvo to $120 from $95 and called it a Best idea for 2020. The analyst noted the stock's big move higher but he sees a path toward $140 over the next 12-18 months. He said the company is extremely well aligned to 5G infrastructure spending, 5G cellular applications, and smart home WIFI that is now just hitting its P&L. Ackerman reiterated his Outperform rating on Qorvo shares.
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