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Fly News Breaks for January 25, 2017
SIMO
Jan 25, 2017 | 07:25 EDT
Loop Capital analyst Betsy Van Hees lowered her price target on Silicon Motion to $49 from $55, saying she expects shares to likely tread water until there is better visibility on NAND supply, but she also sees limited downside risk to the stock from here. Van Hees maintains a Buy rating on the stock, citing her view that the company is well positioned to capitalize from the proliferation of SSDs in notebooks, desktops, and game consoles.
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