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Fly News Breaks for February 13, 2018
ADI
Feb 13, 2018 | 05:44 EDT
Piper Jaffray analyst Harsh Kumar upgraded Analog Devices to Overweight and raised his price target for the shares to $99 from $92. The recent pullback in the shares "represents an excellent opportunity," Kumar tells investors in a research note. He believes the stock can trade inline with peers given the company's growth and margin profiles. Analog Devices is a "high quality asset that is participating in all of the right end-markets," the analyst contends. He sees "significant potential upside" from the acquisition of Linear Technology.
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