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Fly News Breaks for July 27, 2016
LLTC, ADI
Jul 27, 2016 | 08:12 EDT
As previously reported, Morgan Stanley upgraded Analog Devices (ADI) to Overweight from Equal Weight and raised its price target to $78. Analysts led by Craig Hettenbach said the acquisition of Linear Technology (LLTC) lowers Analog's consumer exposure, improves diversification while increasing margins, and should ultimately drive Analog's multiple higher. The analyst sees above average earnings growth and said the combination will lead to attractive cross-selling opportunities.
News For ADI;LLTC From the Last 2 Days
ADI
Apr 16, 2024 | 09:48 EDT
ADI
Apr 15, 2024 | 16:13 EDT
Evercore ISI initiated coverage of Analog Devices with an Outperform rating and $254 price target. The company is a "Tectonic Shift play" given its position as a key supplier into the emerging internet-of-things market which the firm expects to grow to 10s of billions of units, the analyst tells investors in a research note. Evercore adds that it expects the company's operating margins to expand 1,000bps over the next 10 years.
