Canaccord Genuity Reiterates a 'Buy' on Analog Devices (ADI); Delivering Upside
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Price: $197.94 --0%
Rating Summary:
23 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 1
Rating Summary:
23 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 1
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Canaccord Genuity reiterates a 'Buy' on Analog Devices (NASDAQ: ADI) price target lowered from $48 to $42.
Analyst, Bobby Burleson, saiid, "ADI delivered upside to consensus revenue and EPS, driven by stronger than expected industrial demand, as customers began to order to consumption following a multi-quarter period of inventory depletion. We also note that wired and wireless infrastructure saw increased demand, notably picking up toward the exit of the quarter. We reiterate our rating based on increasing dividend yield (3.3%) and potential for upside to revised estimates on an accelerating recovery for semiconductor demand in H2 of C2012."
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 $35.80 yesterday.
Analyst, Bobby Burleson, saiid, "ADI delivered upside to consensus revenue and EPS, driven by stronger than expected industrial demand, as customers began to order to consumption following a multi-quarter period of inventory depletion. We also note that wired and wireless infrastructure saw increased demand, notably picking up toward the exit of the quarter. We reiterate our rating based on increasing dividend yield (3.3%) and potential for upside to revised estimates on an accelerating recovery for semiconductor demand in H2 of C2012."
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 $35.80 yesterday.
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