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Fly News Breaks for January 16, 2018
SIMO
Jan 16, 2018 | 08:07 EDT
As reported previously, Susquehanna analyst Mehdi Hosseini downgraded Silicon Motion to Neutral from Positive. The analyst cited its recent run-up in share price, its lack of meaningful P&L leverage, and his NAND bit growth assumption cap. Hosseini lowered his price target to $48 from $60 on Silicon Motion shares.
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