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Fly News Breaks for November 27, 2019
Nov 27, 2019 | 15:28 EDT
Oppenheimer analyst Rick Schafer maintained an Outperform rating on Analog Devices (ADI) and raised his price target on shares to $125 from $117 following the company's Q4 earnings results. While EPS and revenue missed slightly, and Q1 guidance missed "more significantly," the analyst believes this near-term weakness is due to "reduced channel inventory as well as slower 4G deployments ahead of 2020 5G ramp," and he expects improvements by Q2.
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