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Fly News Breaks for May 14, 2019
RMBS
May 14, 2019 | 16:25 EDT
As previously reported, Wells Fargo analyst Gary Mobley initiated Rambus with an Outperform rating and a $15 price target, calling the stock "a key name" in the IoT/Wireless and Data Center Semiconductor space. Potential Rambus catalysts include reaccelerating revenue and profit growth in FY20, continued growth of memory and SERDES PHY cores, and a potential sale of the company's SCS business, Mobley tells investors.
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