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Fly News Breaks for January 17, 2019
AVGO, XLNX
Jan 17, 2019 | 06:18 EDT
Mizuho analyst Vijay Rakesh upgraded Xilinx (XLNX) to Buy with a $100 price target citing the company's exposure to 5G. Continued ramp and a "long runway" in 5G with higher dollar content should be a tailwind for Xilinx "versus some of the anemic growth in other verticals and peers," Rakesh tells investors in a research note. The analyst's top 2019 Semiconductor pick is Broadcom (AVGO).
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