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Fly News Breaks for June 22, 2018
SGH
Jun 22, 2018 | 09:12 EDT
Stifel analyst Kevin Cassidy said he believes Smart Global's "bold moves" to expand will accelerate growth while diversifying the company's end markets and noted that management stated along with the company's quarterly report that demand for PC's and smart phones in Brazil remains strong. Following the report Cassidy raised his revenue and EPS estimates for Smart Global and increased his price target on the stock to $61. He maintains a Buy rating on the name.
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