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Fly News Breaks for January 3, 2017
XLNX
Jan 3, 2017 | 07:56 EDT
As previously reported, Nomura downgraded Xilinx (XLNX) to Reduce from Neutral and maintained its $45 price target. Analyst Romit Shah said Xilinx is one of the most overvalued names in the semi sector and expects minimal benefits from corporate tax reform. Further, the analyst believes the market is overestimating shares gains against Intel (INTC) and is skeptical of a possible takeout of the company.
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