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Fly News Breaks for February 20, 2020
ADI
Feb 20, 2020 | 06:28 EDT
Citi analyst Christopher Danely upgraded Analog Devices to Buy from Neutral with a price target of $144, up from $115. The company reported "decent" fiscal Q1 results but provided "mixed" Q2 guidance due to the coronavirus impact, Danely tells investors in a research note. The analyst, however, believes the "bad news" from the correction and virus is largely out and in the stock. As a result, he increased his estimates and upgraded the shares.
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