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Fly News Breaks for March 1, 2018
ADI
Mar 1, 2018 | 07:33 EDT
BMO Capital analyst Ambrish Srivastava raised his price target on Analog Devices to $107 after the company's Q1 results that were "solid on all fronts". The analyst states that B2B was strong, automotive division performed better, and the BMS business is positioned for recovery. Srivastava keeps his Outperform rating on Analog Devices, adding that his EPS estimates for FY18 and FY19 are also revised higher to account for revenue and gross margin upside as well as the lower tax rate.
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