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Fly News Breaks for July 10, 2019
ADI, TXN
Jul 10, 2019 | 08:40 EDT
Jefferies analyst Mark Lipacis says shares of Analog Devices (ADI) and Texas Instruments (TXN) are "ownable" through the next four cycles. The analyst updated his "Analog Renaissance Report" and believes consolidation is "better and faster" than previously thought and that his three-to-five year earnings bull case is 50%/100% above 2019 consensus estimates.
News For TXN;ADI From the Last 2 Days
TXN, ADI
Apr 16, 2024 | 09:48 EDT
TXN
Apr 15, 2024 | 16:23 EDT
ADI
Apr 15, 2024 | 16:13 EDT
Evercore ISI initiated coverage of Analog Devices with an Outperform rating and $254 price target. The company is a "Tectonic Shift play" given its position as a key supplier into the emerging internet-of-things market which the firm expects to grow to 10s of billions of units, the analyst tells investors in a research note. Evercore adds that it expects the company's operating margins to expand 1,000bps over the next 10 years.
