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Fly News Breaks for September 11, 2017
QUIK
Sep 11, 2017 | 07:49 EDT
As previously reported, Roth Capital analyst Suji Desilva upgraded QuickLogic to Buy from Neutral as he believes its revenues are better positioned for upside revisions. The analyst thinks QuickLogic represents a differentiated investment opportunity in sensor processing and licensing capability, and is encouraged that the number of hearables design engagements has increased further since the recent earnings call. With full-year revenue expectation recently lowered, Desilva believes investors should build positions ahead of potential hearables device ramp contribution. He also raised his price target on the shares to $2 from $1.50.
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