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Fly News Breaks for September 17, 2015
SIGM
Sep 17, 2015 | 11:45 EDT
Barrington analyst Ted Moreau says shares of Sigma Designs are oversold after declining 33% since last week's earnings results. The pullback may be attributed to a "decent sized" shareholder exiting their position, Moreau tells investors in a research note. After meeting with management, the analyst views earnings estimates for Sigma as too conservative. He views the stock as attractive at current levels and reiterates an Outperform rating on the name with a $12.50 price target.
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