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Fly News Breaks for January 16, 2020
Jan 16, 2020 | 05:09 EDT
Mizuho analyst Vijay Rakesh downgraded Xilinx (XLNX) to Neutral from Buy with a price target of $106, down from $115. The analyst believes the China base station rollout is seeing a more pronounced near-term pause given the telco network sharing between China Unicom and China Telecom impacting ZTE/Huawei. Further, issues at Nokia (NOK) are driving a slowdown for suppliers, Rakesh tells investors in a research note. The analyst adds, however, that longer term, the China base station rollouts should resume to a healthy pace and Xilinx could still benefit.
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