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Fly News Breaks for April 16, 2018
ADI
Apr 16, 2018 | 09:38 EDT
RBC Capital analyst Amit Daryanani kept his Outperform rating and $100 price target on Analog Devices ahead of the company's quarterly earnings, saying the stock is an "attractive mid-cap core" holding in light of its rangebound price action and improving fundamentals. The analyst cites his positive bias on forecast of improvement in China electric vehicle market demand, revenue synergies with the recently acquired Linear Technologies, and expectations of return to stock buybacks/ dividend increases due to sustainability of demand for its products.
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