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Fly News Breaks for February 15, 2019
SMCI
Feb 15, 2019 | 08:10 EDT
Maxim analyst Nehal Chokshi upgraded Super Micro Computer to Buy with a price target of $38, saying speculation of Chinese espionage in its products alleged by Bloomberg Business Week is likely false given the company's "security posture" and solid Q2 results. The analyst warns however that the macro environment remains challenging, NAND pricing remains under pressure, and risks associated with delayed filings continue.
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