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Fly News Breaks for November 25, 2019
XLNX
Nov 25, 2019 | 07:23 EDT
Mizuho analyst Vijay Rakesh lowered his price target for Xilinx to $115 from $125 while keeping a Buy rating on the shares. The analyst trimmed his estimates for the company to reflect near-term industry headwinds. He believes that post the August 2019 network sharing agreement by the China telcos, there has been a significant slowdown in telco capex. Major infrastructure suppliers are seeing ramp issues at Nokia and Huawei, Rakesh tells investors in a research note.
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