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Fly News Breaks for April 28, 2016
ALTR, XLNX
Apr 28, 2016 | 08:30 EDT
After Xilinx (XLNX) decided to accelerate its R&D spending in 2017, Pacific Crest thinks the decision will be controversial. However, the firm believes that the company is seeking to gain share and take advantage of Altera's recent workforce reductions. The firm keeps a $55 price target and Overweight rating on Xilinx.
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