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Fly News Breaks for May 6, 2019
ACIA
May 6, 2019 | 07:52 EDT
As previously reported, BofA/Merrill upgraded Acacia Communications to Neutral from Underperform and raised its price target to $64 from $40. Analyst Tal Liani believes Acacia is well positioned to benefit from China's 5G build-out and new Data Center products, but notes customer concentration is a key risk given Chinese vendor inventory build-out.
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