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Fly News Breaks for July 25, 2017
RMBS
Jul 25, 2017 | 08:56 EDT
Loop Capital analyst Betsy Van Hees said Rambus reported "a clean Q2 2017 beat across the board" and she noted that management said it believes Q3 revenue guidance and typical Q4 seasonal growth points to FY17 revenue slightly higher than the Street's consensus estimate. Van Hees, who sees Rambus as poised for strong earnings and revenue growth in 2017 and into 2018, believes the shares are undervalued and reiterates a Buy rating and $16 price target on the stock.
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