Canaccord Genuity Boosts PT on Xilinx (XLNX) Post Q3, Keeps 'Hold'

Canaccord Genuity maintained a Hold on Xilinx (NASDAQ: XLNX) but raised its price target from $32 to $36 following Q3 results.

"We remain HOLD rated for XLNX following soft revenue results and an outlook below the consensus March Q view, as we expect limited margin leverage and a slow recovery. Communications & Data Center weakness (especially push-outs in wireline) drove the top-line miss, although management expects slight Comms growth in the March Q."

For an analyst ratings summary and ratings history on Xilinx click here. For more ratings news on Xilinx click here.

Shares of Xilinx closed at $36.44 yesterday.

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