TD Cowen analyst Sean O’Loughlin initiated coverage of Macom (MTSI) with a Buy rating and $150 price target The firm sees the company benefiting from secular growth drivers across its three end markets as Macom delivers the highest RF power, highest frequency, and highest data rates for its customers, the analyst tells investors in a research note. TD further cites Macom’s key vectors including electronic warfare & radar applications in Defense, commercial SATCOM in Telco, and electrical/optical applications in Datacenter.
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