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Fly News Breaks for January 29, 2020
Jan 29, 2020 | 06:40 EDT
Mizuho analyst Vijay Rakesh lowered his price target for Xilinx to $98 from $106 and keeps a Neutral rating on the shares. The company reported in-line December quarter results but guided to a weaker than expected March quarter revenue, noting weaker 5G base station infrastructure, Rakesh tells investors in a research note. The analyst believes the first half of 2020 could see a 5G infrastructure pause in China.
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