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Fly News Breaks for July 27, 2016
LLTC, ADI
Jul 27, 2016 | 08:02 EDT
SunTrust analyst William Stein raised his price target on Analog Devices (ADI) after the company raised its Q2 guidance and acquired Linear Technology (LLTC). The analyst says that the latter deal provides Analog Devices with "significant EPS accretion" and "a balance sheet makeover." He keeps a Buy rating on the shares.
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