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Fly News Breaks for April 2, 2019
XLNX
Apr 2, 2019 | 07:44 EDT
KeyBanc analyst Weston Twigg raised his price target for Xilinx to $145 from $140 given positive supply chain feedback related to increasing demand associated with strengthening communications infrastructure deployments not only for 5G, but also in 4G. While the analyst believes 5G expectations are well understood and appreciated in terms of expectations for Xilinx, he thinks the China Capex intensity related to band re-farming and 4G capex intensity excluding China is "underappreciated." Twigg reiterates an Overweight rating on the shares.
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