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Fly News Breaks for January 24, 2017
SIMO
Jan 24, 2017 | 11:00 EDT
Craig-Hallum analyst Anthony Stoss recommends using today's weakness in shares of Silicon Motion as a buying opportunity. NAND shortages should alleviate late in Q2 and are beyond the company's control, Stoss tells investors in a post-earnings research note. He expects SIMO's growth to accelerate in the second half of 2017as more NAND capacity comes online and reiterates a Buy rating on the shares with a $67 price target.
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