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Fly News Breaks for February 20, 2019
ADI
Feb 20, 2019 | 14:46 EDT
Oppenheimer analyst Rick Schafer raised his price target for Analog Devices to $117 following this morning's fiscal Q1 results and keeps an Outperform rating on the shares. Initial 5G deployments cushioned semi cycle correction and macro uncertainty, Schafer tells investors in a research note. While the analyst expects Analog's fundamentals to remain pressured in the near-term, over the long-term he likes the company's exposure to the automobile, communications and industrial markets.
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