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Fly News Breaks for September 24, 2019
XLNX
Sep 24, 2019 | 07:27 EDT
Argus analyst Jim Kelleher kept his Buy rating and $145 price target on Xilinx, saying the 8% decline in its stock price on September 20th after the announcement of resignation of its CFO Lorenzo Flores was overdone. The analyst says the departure was not a termination for cause as Flores is leaving for a "more prestigious" job and expects the company to fill the role without a disruption. Kelleher remains positive on the "superior growth prospects" of Xilinx relative to its peers.
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