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Fly News Breaks for May 1, 2017
AAPL, ADI
May 1, 2017 | 09:32 EDT
Evercore ISI analyst CJ Muse said Analog Devices (ADI) remains a best idea but with a caveat, it appears more and more likely that they could lose the Apple (AAPL) business in the OLED phone this year versus his previous assumption for next year. The decision should come in the next few weeks, but the ADC appears to likely be integrated into the touch controller, the analyst wrote. Muse said the impact is roughly a 12% reduction to earnings/free cash flow by 2018, and modestly lower leverage. Muse rates Analog an Overweight but said shares could see some weakness near-term as the news gets discounted.
News For ADI;AAPL From the Last 2 Days
AAPL
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AAPL
Mar 27, 2024 | 12:00 EDT
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AAPL
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AAPL
Mar 26, 2024 | 12:26 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: While... To see the rest of the story go to thefly.com. See Story Here
AAPL
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here