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Chip designer Cavium (CAVM) is positioned for continued strong growth thanks to its core embedded and security processor products and upcoming Thunder lineup of 64-bit server processors, Canaccord Genuity said in a research report. Canaccord analyst Matthew Ramsay initiated coverage of Cavium late Monday with a buy rating and a price target of 62. Cavium stock was up 2% in midday trading on the stock market today, at an all-time high near 52. Scalper1 News
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