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Fly News Breaks for May 18, 2018
SLAB
May 18, 2018 | 07:36 EDT
As reported previously, Cowen analyst Matthew Ramsay initiated Silicon Labs with an Outperform rating as he believes it is a unique opportunity for investors as the only semis supplier over $2.5B in market cap with revenue greater than 50% from the AI-infused markets of IoT. Ramsay has a $125 price target on Silicon Labs shares.