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Fly News Breaks for April 25, 2019
SLAB
Apr 25, 2019 | 08:29 EDT
Roth Capital analyst Suji Desilva raised his price for Silicon Labs to $120 from $110 as he is encouraged by the company's recovering bookings pattern following a one-quarter macro driven slowdown. The analyst expects the company to experience broad secular recovery based on its design wins momentum across multiple end markets, driving growth and improving profitability over the next few quarters. He reiterates a Buy rating on the shares.
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