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Fly News Breaks for December 5, 2016
XXIA
Dec 5, 2016 | 07:33 EDT
Stifel analyst Patrick Newton raised his price target on Ixia after Reuters reported that the company is considering strategic options including a sale of itself. The analyst thinks there is "strong potential that Ixia is an M&A target." He believes that an acquisition for $18.50 per share would be attractive "for a number of potential buyers." Newton keeps a Buy rating on the stock.
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