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Cavium (CAVM) Stock Price Target Reduced at Barclays

NEW YORK (TheStreet) -- Cavium's (CAVM) stock price target was cut to $65 from $75 at Barclays on Friday morning. The firm maintained its "overweight" rating on the stock.

The San Jose, CA-based company is a provider of semiconductor processors.

The lower price target comes as the stock is down 30% year-to-date and the firm decided to re-evaluate Cavium's core business and new product pipeline.

"As we look into the second half of the year, there are very few names in our universe that have any positive catalysts given...


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