Mellanox sell-off on guidance overblown, says Piper Jaffray

Piper Jaffray views the sell-off in shares of Mellanox on the company's weaker than expected as overblown and expects the shares to recover over the next 12 months. The firm lowered its price target for shares to $52 from $65 but reiterates an Overweight rating on the name.

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