Analog Devices (ADI) Tops Q2 EPS by 1c, Offers Q2 Guidance

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Jefferies Raises Price Target Following Analog Devices (ADI) 2Q15 Results

May 20, 2015 9:20 AM EDT

Jefferies 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