Analog Devices (ADI) Warns on Q1 Results
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January 15, 2016 10:30 AM EST
Nomura Securities upgraded Analog Devices (NASDAQ: ADI) from Reduce to Neutral with a price target of $52.00, saying downside is limited from here.
Analyst Romit Shah commented, "Our Reduce rating was predicated upon our belief that as Apple grew to more than 20% of... More
January 15, 2016 9:42 AM EST
Stifel maintained a Buy rating on Analog Devices (NASDAQ: ADI), and cut the price target to $64.00 (from $72.00), following the company's preannounced 1Q16 results. Revenue is now expected to be in the range of $745mn-$765mn, as compared with the companys original guidance of $805mn-$855mn. The revenue shortfall is attributed to... More
January 15, 2016 8:39 AM EST
Sterne Agee CRT maintained a Buy rating on Analog Devices (NASDAQ: ADI), and cut the price target to $65.00 (from $71.00), following the company's negative earnings pre-announcement. Sterne Agee continues to see ADI as a positive investment as the risk related to Apple (NASDAQ:... More
January 15, 2016 8:30 AM EST
RBC Capital maintained an Outperform rating on Analog Devices (NASDAQ: ADI), and cut the price target to $58.00 (from $69.00), following the company's negatively pre-announced earnings results. ADI noted that the negative pre-announcement was isolated to the consumer end market and that the industrial, auto, and comm businesses... More
January 15, 2016 6:46 AM EST
Susquehanna maintained a Neutral rating on Analog Devices (NASDAQ: ADI), and cut the price target to $58.00 (from $67.00), following the company's negative pre-announcement. The announcement indicated a $75 mln shortfall for the January quarter. ADI's miss suggests about the same magnitude of iPhone unit shortfall as... More
January 14, 2016 4:44 PM EST
Analog Devices (NASDAQ: ADI) Halted on News, to Resume at 5:00 PM ET
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