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Fly News Breaks for October 18, 2018
MXIM, ADI
Oct 18, 2018 | 07:28 EDT
As previously reported, Goldman Sachs analyst Toshiya Hari downgraded Analog Devices (ADI) and Maxim Integrated (MXIM), both to Sell from Neutral. He cut his Industrial and Automotive revenue estimates for Maxim and sees downside to estimates, leading Hari to lower his price target on the shares to $47 from $56. He also expressed his "guarded view" on the Analog cycle by also reducing Automotive and Industrial estimates for Analog Devices and lowering his price target on its shares to f $81 from $106.
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