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Fly News Breaks for October 3, 2018
XLNX
Oct 3, 2018 | 08:28 EDT
Credit Suisse analyst John Pitzer raised his price target for Xilinx to $100 from $85 after the company hosted its 2nd annual Developer Forum and announced the Versal, 7nm Adaptive Compute Accelerated Platform silicon family targeted at multiple markets sampling in 2H18 with revenue in CY19, and the Alveo, a card-based accelerator shipping this month aimed at addressing DataCenter/AI workloads. The analyst reiterates an Outperform rating on the shares.
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