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Fly News Breaks for January 23, 2017
SLAB
Jan 23, 2017 | 08:19 EDT
Roth Capital analyst Suji Desilva raised his price target for Silicon Laboratories to $75 from $70 on continued Internet of Things momentum. The analyst believes Silicon Laboratories represents a "differentiated investment opportunity" in embedded controller, connectivity and sensor content and is encouraged that the company also has "strong" infrastructure and broadcast market content, providing diversification for investors. He reiterates a Buy rating on the shares.
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