JPMorgan analyst Harlan Sur noted that Analog Devices CFO Prashanth Mahendra-Rajah said at the firm's CES 2019 Technology Forum that on a full-year basis there continues to be some uncertainty and management's visibility beyond 1-2 quarters remains difficult. Despite the near-term noise, the team is confident in the longer-term outlook of its core Auto, Industrial and Communications businesses, added Sur. Distribution channel inventory of about 6-8 weeks remains unchanged and in the target range while inventory days remain within the typical norm, according to the company, added Sur. He maintains a Neutral rating on Analog Devices shares.

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