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Fly News Breaks for April 7, 2016
SIMO
Apr 7, 2016 | 11:38 EDT
Craig-Hallum analysts led by Anthony Stoss raised Silicon Motion's price target to $48 citing the "big" q1 beat driven mostly by strength in SSDs. The analyst said Silicon remains positioned longer-term to grow both its SSD and eMMC businesses given its new products that target fast growing markets. Stoss continues to view Silicon Motion as an attractive takeout candidate and reiterates his Buy rating on shares.
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