Market Overview

UPDATE: Canaccord Genuity decreases PT on Analog Devices to $42

Related ADI
Mid-Afternoon Market Update: Ctrip.com Drops On Downbeat Q4 Outlook; Analog Devices Shares Spike Higher; TiVo Tumbles ~7%
Analog Devices Conference Call Highlights
Making Money With Charles Payne: 08/28/14 (Fox Business)

According to a research report this morning, Canaccord Genuity decreases its PT on Analog Devices (NASDAQ: ADI) from $48 to $42.

Canaccord Genuity explained, “ADI delivered upside to consensus revenue and EPS, driven by stronger than expected industrial demand, as customers began to order to consumption following a multi-quarter period of inventory depletion. We also note that wired and wireless infrastructure saw increased demand, notably picking up toward the exit of the quarter.”

ADI closed yesterday at $35.80 as Canaccord Genuity reiterates its Buy rating.

Latest Ratings for ADI

DateFirmActionFromTo
Nov 2014JefferiesMaintainsBuy
Oct 2014OppenheimerMaintainsOutperform
Oct 2014ISI GroupDowngradesBuyNeutral

View More Analyst Ratings for ADI
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ADI)

Around the Web, We're Loving...

Get Benzinga's Newsletters