SMART Global Holdings Announces Acquisition of Penguin Computing
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SMART Global Holdings (SGH) PT Raised to $60 at Deutsche Bank
June 12, 2018 4:38 AM EDTDeutsche Bank raised its price target on SMART Global Holdings (NASDAQ: SGH) to $60.00 (from $56.00) while maintaining a Buy rating.
Analyst Sidney Ho is positive on the acquisition of Penguin Computing because it reduces exposure to the memory market and establishes a platform which the company can expand further through acquisitions.
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