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Fly News Breaks for February 23, 2018
Feb 23, 2018 | 06:31 EDT
Oppenheimer analyst Rick Schafer reiterated his Outperform rating and $100 price target on Analog Devices ahead of the company's first quarter results next week. In a research note to investors, he called the company "the industry's leading high-performance analog pure play," and sees a beat/raise set-up vs. the consensus on continued momentum in auto and industrial, which represents 62% of combined sales, and self-help margin improvement.
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