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Fly News Breaks for April 20, 2016
SIMO
Apr 20, 2016 | 08:56 EDT
Susquehanna raised its price target on Silicon Motion to $46 from $38 and raised its estimates to reflect preliminary Q1 results. The firm believes its price target will be achievable if the company can gain investor confidence with its Shannon SSD business as execution remains the key. Susquehanna maintained its Positive rating on Silicon Motion shares.
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SIMO
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