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Fly News Breaks for August 10, 2017
SMI
Aug 10, 2017 | 09:32 EDT
Bernstein analyst Mark Li downgraded SMIC as he says he is "struggling to see the light at the end of the tunnel" after the company's Q2 revenue miss. The analyst says that the company's long-term growth target is "too aggressive," while it's facing greater competition in China. Target to $4.10 from $6.40.
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