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Fly News Breaks for March 26, 2018
AAPL, INTC, ADI
Mar 26, 2018 | 08:11 EDT
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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