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Fly News Breaks for February 4, 2019
XLNX
Feb 4, 2019 | 07:18 EDT
Goldman Sachs analyst Toshiya Hari removed Xlinx from the firm's Conviction List while maintaining a Buy rating, telling investors in a research note that the stock is up 51% since it was added to the Conviction List on January 5, 2018, during which the medium semiconductor stock under coverage was flat. Hari says he thinks Xilinx's favorable end-market exposure, growth opportunity in 5G and early traction in the data center market are now better understood by investors. Hari says his updated $122 price target implies 9% potential upside.
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