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News Breaks | | | | March 8, 2013 | | 07:23 EDT |  | AMBA | Ambarella price target raised to $17 from $10 at Stifel Nicolaus
Stifel believes that Ambarella reported solid results, and the firm was particularly impressed by the resilience of the company's gross margins despite some weakness in the high gross margin video infrastructure market. The firm thinks the company's momentum can continue well into 2014, and it maintains a Buy rating on the shares. | |
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