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Fly News Breaks for November 27, 2019
ADI
Nov 27, 2019 | 06:45 EDT
BMO Capital analyst Ambrish Srivastava raised his price target on Analog Devices to $135 and kept his Outperform rating despite its Q4 earnings miss, saying the company is among the names that are "structurally solid, getting stronger, and have sound shareholder-friendly capital allocation practices in place." While the analyst is also lowering his FY20 EPS view by 55c to $4.75, he feels "very comfortable" recommending the stock through the current cycle while looking ahead through the downturn to 2021.
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