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Fly News Breaks for October 24, 2019
XLNX
Oct 24, 2019 | 07:00 EDT
Citi analyst Christopher Danely lowered his price target for Xilinx to $95 from $124 saying the company last night reported mixed results but guided Q4 well below consensus. The analyst expects more downside in the coming quarters "as the ASIC replacement cycle gains steam." He reduced his estimates and keeps a Neutral rating on Xilinx.
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