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Fly News Breaks for March 24, 2016
SIGM
Mar 24, 2016 | 09:54 EDT
Craig-Hallum analyst Richard Shannon noted that investors might "have to endure a slightly longer path to improved sales and profitability" at Sigma Designs, but he still believes the shares can be rewarding for those able to look out further than one to two quarters. The analyst, who expects the company to have a "healthy" IoT business, an increasing TV customer base, and better gross margins, keeps a Buy rating and $12 price target on Sigma shares.
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