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Fly News Breaks for August 29, 2017
Aug 29, 2017 | 09:28 EDT
Baird analyst David Leiker noted Littlefuse (LFUS) shares sold off following its announced acquisition of IXYS (IXYS), which he called a near perfect acquisition. The analyst believes investors are missing the strength of the deal and viewing the valuation as rich on the surface. Leiker, who said the post-acquisition synergies are quite attractive, reiterated his Outperform rating and $202 price target on Littlefuse shares.
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