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Fly News Breaks for June 25, 2019
SLAB
Jun 25, 2019 | 07:14 EDT
Wells Fargo analyst Gary Mobley started coverage of Silicon Labs with and Outperform rating and a $125 price target. Although the analyst acknowledges that he commonly hears that shares are too expensive, he highlights the strategic value others may place on Silicon Labs as well as the EPS power at more normalized/optimal operating margins.Further, Mobley believes shares can outperform based on reaccelerating revenue growth near and long-term, and an upward bias to "bearishly extrapolated" semiconductor industry sentiment.
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