First Global Upgrades Analog Devices (ADI) to Moderate Outperform; Higher Utilization, Favorable Product Mix and Improved R&D

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May 23, 2011 8:04 AM EDT
Get Alerts ADI Hot Sheet
Price: $389.39 +2.16%

Rating Summary:
    31 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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First Global upgraded Analog Devices (NYSE: ADI) from Market Perform to Moderate Outperform.

First Global analyst said, "ADI’s reported numbers for Q2 FY11 were better than our estimates and management’s guidance for Q3 FY11 was also strong, as well as slightly higher than our expectations...The strength in the industrial markets and opportunities in the automotive and communication infrastructure markets paint a bright outlook for the company."

For more ratings news on Analog Devices click here and for the rating history of Analog Devices click here.

Shares of Analog Devices closed at $41.80 yesterday.

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