Analog Devices (ADI) Tops Q4 EPS by 16c

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Baird Raises Price Target on Analog Devices (ADI) to $77 Following Strong 4Q

November 22, 2016 5:27 PM EST

Baird reiterated an Outperform rating on Analog Devices (NASDAQ: ADI), and raised the price target to $77.00 (from $70.00), following the company's 4Q earnings report. Pro forma EPS was reported at $1.05, well above the company's guidance of $0.84-$0.94. Revenue was above the high end of guidance of... More