Barclays Maintains an 'Equalweight' on Analog Devices (ADI); Seeing Gradual Recovery in Rough Times
Tweet Send to a FriendGet Alerts ADI Hot Sheet
Price: $45.55 -2.17%
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Benchmark Boosts PT on R.R. Donnelley (RRD)
- Under Armour (UA) Estimates, Price Targer Raised at Sterne Agee
- Goldman Sachs Downgrades InterXion Holding (INXN) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
