Raymond James analyst Christopher Caso upgraded Analog Devices (ADI) to Outperform from Market Perform with a $105 price target. The analyst this morning also upgraded Intel (INTC) to Market Perform from Underperform. After spending last week in Asia with handset, networking, and PC supply chain players, the analyst believes business conditions following the Chinese New Year holiday "remain exceptionally strong nearly across the board, with no signs of a slowdown." The analyst sees favorable conditions for Analog Devices and believes headwinds from Apple (AAPL) are coming to an end while benefits from the Linear acquisition will start to emerge.
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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