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Fly News Breaks for April 17, 2019
XLNX
Apr 17, 2019 | 08:08 EDT
Citi analyst Christopher Danely opened a "positive catalyst watch" on Xilinx as he believes a "beat and raise" quarter and increased long-term targets at the May analyst day will drive the stock higher. The analyst also notes that short interest has increased on the stock. Xilinx's high exposure to the communications end market driven by the ramp in 5G spending should drive upside to Q1 estimates, Danely tells investors in a research note. He maintains a Neutral rating on the shares with a $115 price target due to valuation.
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