Barclays Maintains an 'Equalweight' on Analog Devices (ADI); Seeing Gradual Recovery in Rough Times
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Price: $45.37 -0.26%
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ADI Now!
Barclays maintains an 'Equalweight' on Analog Devices (NASDAQ: ADI) price target of $40.00.
Analyst, C.J. Muse, said, "Despite incremental uplift from consumer product cycle wins, ADI guided October Q sales only flat to +5% (cons +3%), reinforcing the view that despite the extra month, the rate of recovery ahead will likely prove to be modest at best."
"We tweak our CY12 estimates to $2.7B/$2.21 (old $2.8B/$2.25, cons $2.8B/$2.24) and CY13 to $3.0B/$2.65 (old $3.0B/$2.70, cons $3.0B/$2.67)."
For an analyst ratings summary and ratings history on Analog Devices click here. For more ratings news on Analog Devices click here.
Shares of Analog Devices closed at $40.34 yesterday, with a 52 week range of $30.65-$40.91.
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Analyst, C.J. Muse, said, "Despite incremental uplift from consumer product cycle wins, ADI guided October Q sales only flat to +5% (cons +3%), reinforcing the view that despite the extra month, the rate of recovery ahead will likely prove to be modest at best."
"We tweak our CY12 estimates to $2.7B/$2.21 (old $2.8B/$2.25, cons $2.8B/$2.24) and CY13 to $3.0B/$2.65 (old $3.0B/$2.70, cons $3.0B/$2.67)."
For an analyst ratings summary and ratings history on Analog Devices click here. For more ratings news on Analog Devices click here.
Shares of Analog Devices closed at $40.34 yesterday, with a 52 week range of $30.65-$40.91.
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