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Mellanox price target raised to $65 from $52 at Piper Jaffray

Piper Jaffray raised its price target for Mellanox ahead of the company's Q1 results on April 24 and reiterates an Overweight rating on the stock. Piper expects Mellanox to report revenue at the high-end of the guidance range and thinks the company is well positioned for strong growth.