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Fly News Breaks for February 7, 2020
SIMO
Feb 7, 2020 | 15:31 EDT
B. Riley FBR analyst Craig Ellis lowered his price target for Silicon Motion Technology to $59 from $65 and reiterates a Buy rating on the shares following last night's Q4 results. The company should see "broad and robust" growth in fiscal 2020 but its enterprise ramp is hurting margins, Ellis tells investors in a research note.
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