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Fly News Breaks for August 27, 2015
SMI
Aug 27, 2015 | 07:23 EDT
Bernstein upgraded Semiconductor Manufacturing to Outperform from Market Perform and raised its price target to $5.70 from $5.50. The firm expects the company to benefit from the Chinese government's support of the semiconductor industry and said its different customer base and market exposure shields it from the sluggish smartphone industry.
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