SunTrust analyst William Stein raised his price target on Analog Devices to $126 and kept his Buy rating after its Q4 earnings beat, saying the company's investments are bearing fruit even though the progress in U.S.-China trade talks remains the "biggest swing factor". The analyst adds that his new price target on Analog Devices is driven by his rolled out FY20 estimates, which assume a 21-times expected earnings multiple - still a 1-turn discount to its higher peer group average multiple.

BofA raised the firm's price target on Texas Instruments (TXN) to $190 from $175 and keeps a Neutral rating on the shares. TI's small Q1 beat and inline but sequentially rising Q2 sales guidance, "while modest, potentially marks a recovery inflection in industrial chip demand," with positive read-across for U.S. peers such as Analog Devices (ADI), Microchip (MCHP), NXP Semiconductors (NXPI) and On Semiconductor (ON), the analyst tells investors. However, despite an expected recovery, TI's sustained high capex intensity could keep reported calendar year 2024-26 pro-forma EPS below $6 per share, the analyst added.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here