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Fly News Breaks for June 1, 2017
ADI
Jun 1, 2017 | 09:27 EDT
Stephens analyst Harsh Kumar said he would continue to be a buyer of Analog Devices shares as he believes the company may lose some Consumer business but this would likely lead to a favorable mix shift. Additionally, there are opportunities to offset the decline in this business and Analog is ahead of plan for cost synergies from its Linear Tech deal, added Kumar, who raised his price target on the stock to $99 from $90 and maintains an Overweight rating.
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