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Fly News Breaks for May 20, 2019
XLNX
May 20, 2019 | 07:05 EDT
Nomura Instinet analyst David Wong thinks the U.S. government action against Huawei creates risk for chip companies and Xilinx. Xilinx has never identified Huawei by name as a major customer, but it has "undoubtedly" been benefiting recently from strength in demand for chips used in 5G wireless base-stations, Wong tells investors in a research note. The analyst remains cautious on Xilinx with a Neutral rating and $115 price target.
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