Analog Devices (ADI) Tops Q2 EPS by 2c; Issues Light Q3 Outlook

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UBS Remains Sidelined on Analog Devices (ADI) Following 2Q Report - PT to $58.50

May 19, 2016 8:36 AM EDT

UBS reiterated a Neutral rating on Analog Devices (NASDAQ: ADI), and raised the price target to $58.50 (from $54.00), following the company's 2Q earnings report.

Analyst Stephen Chin commented, "Analog Devices reported an in line F2Q, but more importantly trends in its industrial, auto, and... More