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Fly News Breaks for April 25, 2017
XLNX
Apr 25, 2017 | 09:17 EDT
Nomura Instinet analyst Romit Shah continues to view Xilinx as one of the most overvalued names under coverage trading at 25x consensus earnings compared to sector medium of 16x. The analyst expects Xilinx to report March quarter results above the guidance midpoint, but does not see upside to Street 2018 expectations for 6% revenue growth. Shat expects multiple compression in 2017 from a moderation in expectations for share gains, M&A, and artificial intelligence. The analyst rates Xilinx a Reduce with a $45 price target.
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