UPDATE: Auriga Raises Price Target on Xilinx to $42

According to Auriga, Xilinx XLNX price target is raised to $42. Auriga said that it maintains its Buy rating and increases its price target to $42 from $40 for Xilinx (XLNX), following an upbeat analyst day. “We raise our above consensus FY14 estimates on improving service provider trends and expect XLNX to grow top-line at 10% CAGR over the next five years.” Xilinx closed yesterday at $36.45.