Analog Devices (ADI) Tops Q2 EPS by 1c, Offers Q2 Guidance
- Shares jump on tech boost; fragile yen on intervention watch
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Oil prices steady after rallying on US stock decline, business data
- Yen on the brink, but Tesla pulls back
- Dollar recovers from PMI slump, yen closes in on 155 per dollar
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla, AT&T, Biogen and Hasbro rise premarket; Uber, Enphase fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
Jefferies Raises Price Target Following Analog Devices (ADI) 2Q15 Results
May 20, 2015 9:20 AM EDTJefferies reiterates a Buy rating on Analog Devices (NASDAQ: ADI), and raised the price target to $72.00 (from $68.00), following 2Q15 results. ADI reported sales of $821m, slightly beating the consensus of $820mm. EPS was $0.73, 1c above consensus $0.72.
Jefferies analyst Mark Lipacis commented on ADI, saying, "ADI's... More