SunTrust analyst William Stein expects Analog Devices to unveil "a new business model" that will include EPS growth of at least 10% at its Analyst Day next Tuesday. He thinks that more investors will believe that the stock deserves its current premium following the Analyst Day. Stein keeps a $101 price target and a Buy rating on the shares.

BofA raised the firm's price target on Texas Instruments (TXN) to $190 from $175 and keeps a Neutral rating on the shares. TI's small Q1 beat and inline but sequentially rising Q2 sales guidance, "while modest, potentially marks a recovery inflection in industrial chip demand," with positive read-across for U.S. peers such as Analog Devices (ADI), Microchip (MCHP), NXP Semiconductors (NXPI) and On Semiconductor (ON), the analyst tells investors. However, despite an expected recovery, TI's sustained high capex intensity could keep reported calendar year 2024-26 pro-forma EPS below $6 per share, the analyst added.