UBS Upgrades Mellanox Technologies (MLNX) to Buy

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UBS upgraded Mellanox Technologies (NASDAQ: MLNX) from Neutral to Buy with a price target of $65.00 (from $56.00), saying downside is limited.

The company's InfiniBand is the only game in town, according to the firm. While Intel's entry into the field presents a risk, the firm expects the company to remain competitive.

For an analyst ratings summary and ratings history on Mellanox Technologies click here. For more ratings news on Mellanox Technologies click here.

Shares of Mellanox Technologies closed at $50.51 yesterday, with a 52 week range of $30.00-$120.05.

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