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Fly News Breaks for July 29, 2015
SIMO
Jul 29, 2015 | 07:00 EDT
Brean Capital believes the growth story at Silicon Motion remains intact following its Q2 results. The firm noted guidance was below expectations but said its growth in PC SSD's is becoming the main driver as the market is accelerating, the company is gaining market share and its growth in Mobile should continue. Brean Capital reiterated its Buy rating but lowered its price target to $38 from $40 on Silicon Motion shares.
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