Loop Capital analyst Cody Acree initiated Analog Devices with a Buy rating and a price target of $117, saying the company offers 17% revenue growth this year along with "some of the best gross margins" in the semiconductor sector. Cree believes Analog Devices is among the "best positioned companies" in the chip space, becoming the second largest supplier to analog industry. Acree also states that Analog Devices is positioned to gain share faster that its competition as it integrates and takes advantage of cross-selling opportunities from its recent acquisition of Linear.

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