Market Overview

UPDATE: Barclays Reiterates Analog Devices at Equal Weight; Trough In Sight

Share:
Related ADI
10 Notable Stocks Trading Ex-Dividend Wednesday, November 30
10 Stocks That Rallied Four Days, Then Sold Off Yesterday
What Is The Top Arb Bet For 2017? (Seeking Alpha)

Barclays maintained its Equal Weight rating and $40 price target on Analog Devices (NASDAQ: ADI).

Barclays noted, "In step directionally but perhaps a bit weaker than buyside expectations, ADI offered cautious commentary on its Jan Q outlook, highlighting macro uncertainty that is weighing, in particular, on industrial demand. Layer in utilization rates tracking to mid to high 50s and consensus estimates will likely move lower (though perhaps not as much as initially feared given lower tax rate/opex outlook). We continue to view ADI as a well-managed, defensive semi story supported by 3% dividend yield, but one with more limited upside at current valuation."

Analog Devices closed at $40.11 on Tuesday.

Latest Ratings for ADI

DateFirmActionFromTo
Nov 2016MKM PartnersMaintainsNeutral
Nov 2016KeyBancMaintainsOverweight
Nov 2016Deutsche BankMaintainsHold

View More Analyst Ratings for ADI
View the Latest Analyst Ratings

Posted-In: BarclaysAnalyst Color Reiteration Intraday Update Analyst Ratings

 

Related Articles (ADI)

View Comments and Join the Discussion!