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Fly News Breaks for February 20, 2020
ADI
Feb 20, 2020 | 07:43 EDT
Raymond James analyst Christopher Caso raised his price target for Analog Devices to $140 from $130 and reiterated an Outperform rating following January quarter results. In a research note to investors, Caso says he thinks stronger catalysts lie ahead once customer factories return to normal, as the pace of 5G builds resume and as they benefit from industrial growth following last year's inventory correction.
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