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Fly News Breaks for October 28, 2016
SIMO
Oct 28, 2016 | 12:27 EDT
Craig-Hallum analyst Anthony Stoss recommends using today's post-earnings weakness in shares of Silicon Motion as a buying opportunity. Silicon's fundamentals remain intact as SSD demand is likely to drive growth for several years, Stoss tells investors in a research note. He reiterates a Buy rating on the shares with a $67 price target.
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