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Fly News Breaks for May 23, 2017
SMTC
May 23, 2017 | 09:03 EDT
Stephens analyst Harsh Kumar said he is "very comfortable" with Semtech's ability to deliver strong April quarter results and July quarter guidance, as he expects any soft trends in communication infrastructure to be more than offset by strong trends in data center and industrial. He reiterates an Overweigh rating and $40 price target on Semtech shares ahead of the company's report on May 31.
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