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Fly News Breaks for April 24, 2017
XLNX
Apr 24, 2017 | 05:56 EDT
Credit Suisse analyst John Pitzer upgraded Xilinx to Outperform and increased its price target to $70 from $65 saying he believes multiple years of negative leverage appear to be reversing. The analyst said Specialty Acceleration in Data Center is becoming faster than expected and 5G trials in late FY17/18 could drive high single digit growth, versus consensus of mid-single growth, over the next several years. Pita views share underperformance an attractive entry point ahead of better topline growth and operating margin upside, and muted expectations.
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