UPDATE: Deutsche Bank Raises Target to $14 on Inphi

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Deutsche Bank reiterates its Hold rating on Inphi
IPHI
and raises its price target by $4 to $14 as it introduced 2012 estimates, following the company's upside to revenues in the latest quarter. Deutsche Bank comments, "Inphi delivered revenue upside in the quarter on the strength of R-DIMMs for new Romley and Interlagos server platforms. Although the higher revenue was a positive it appears the LR-DIMM ramp continues to slip (down q/q) and visibility remains limited. We remain confident in IPHI's ability to grow revenue strongly in 2012, but believe the shares have priced this increase. We retain Hold rating but raise P/T to $14 on newly introduced 2013 estimates." IPHI closed at $14.80 a share yesterday.
Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsDeutsche Bank
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