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Fly News Breaks for January 4, 2019
ADI
Jan 4, 2019 | 08:10 EDT
As reported earlier, RBC Capital analyst Amit Daryanani downgraded Analog Devices to Sector Perform and lowered his price target to $92 from $105. The analyst points to rising headwinds in the "industrial, automotive and communications end markets" along with a degrading macro environment. Daryanani still contends that Analog Devices is one of the "better positioned assets in the semiconductor industry" over the long term and should be a core long term holding, but warns that the bar for 2019 appears to be high.
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