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Fly News Breaks for February 19, 2020
ADI
Feb 19, 2020 | 15:20 EDT
Oppenheimer analyst Rick Schafer raised his price target for Analog Devices to $140 from $125 following quarterly results. The analyst sees near-term China demand dislocation as transitory, leading to "catch-up" sales in the second half of the year. Schafer likes Analog Devices' industry-leading gross margin/OM/free cash flow margin profile and diverse exposure to industrial/auto/comms. He reiterates an Outperform rating on the shares.
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