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Fly News Breaks for May 31, 2018
SMTC
May 31, 2018 | 08:09 EDT
Needham analyst N. Quinn Bolton raised his price target for Semtech to $50 from $45 and maintained a Buy rating on the shares after the company produced Q1 results slightly above expectations driven by continued momentum across IoT, Datacenter and Mobile markets. Looking to fiscal 2019, the analyst said Semtech's growth engines remain "on track."
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