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Fly News Breaks for May 7, 2018
SMCI
May 7, 2018 | 06:27 EDT
DA Davidson analyst Mark Kelleher raised his price target on Super Micro Computer to $24 after the company's above-consensus Q3 guidance attributed to "strength in all of its market verticals" and indication that results "would have been even stronger, if not for a shortage of components". The analyst further notes that Super Micro is positioned well based on its international growth and a strong portfolio of products but keeps his Neutral rating until its "accounting issue can be clarified and resolved".
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