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Fly News Breaks for February 28, 2020
RESN
Feb 28, 2020 | 05:06 EDT
Stifel analyst Tore Svanberg initiated coverage of Resonant with a Buy rating and $2.20 price target. The analyst believes the balance of Resonant's trademarked software platform and licensee/royalty business model to support fabless radio frequency filter suppliers can drive upward of 35% appreciation in the stock. The RF filter markets represents a greater than $22 billion revenue opportunity, Svanberg tells investors in a research note.
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