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Fly News Breaks for January 30, 2018
SLAB
Jan 30, 2018 | 08:35 EDT
Roth Capital analyst Suji Desilva raised his price target for Silicon Labs to $110 form $105 ahead of quarterly earnings. The analyst believes Internet of Things can potentially grow 20% CAGR over the next several years and expect infrastructure to provide about 10% CAGR, with timing products demand stabilizing. Desilva reiterates a Buy rating on the shares.
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