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Fly News Breaks for May 15, 2019
XLNX
May 15, 2019 | 08:49 EDT
BMO Capital analyst Ambrish Srivastava lowered his price target on Xilinx to $115 and kept his Market Perform rating after its Analyst Day, saying that while the company's growth drivers - including its 5G opportunity - were well presented, the operating expenditure expectations had an "upward bias". The analyst notes that the stock has been outperforming for some time and should continue to do so, but believes that Xilinx is "reasonably valued at these levels", lowering his implied forward earnings multiple to 26-times from 31-times.
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