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Fly News Breaks for March 24, 2016
SIGM
Mar 24, 2016 | 09:50 EDT
Craig-Hallum analyst Richard Shannon said for Sigma Designs investors that can look out more than 1-2 quarters, the company will see a healthy IoT business, including Bretelon revenues by year's end, an increasing TV customer base, better gross margins, and leverage on the opex line. Shannon recommends buying Sigma shares on weakness and reiterates his Buy rating and $12 price target.
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