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Fly News Breaks for January 29, 2020
SLAB
Jan 29, 2020 | 13:57 EDT
Roth Capital analyst Suji Desilva lowered his price target for Silicon Labs to $120 from $130 citing a "more muted overall backdrop" following this morning's Q4 results. While the results were impacted by macro demand softness, Silicon Labs is poised to benefit from its exposure to secular internet of things and infrastructure trends, Desilva tells investors in a research note. The analyst maintains a Buy rating on the shares.
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