Morgan Stanley Has Upbeat Outlook on Xilinx Following Company Analyst Day

In a report published Wednesday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and $52.00 price target on Xilinx XLNX. In the report, Morgan Stanley noted, “Xilinx presented a bullish view of its 3 year opportunity across a variety of end markets, and made aggressive financial projections for 28nm for the next fiscal year. The company reiterated its target for 8-12% three year CAGR, with strong growth from all segments (9-13% growth in comms, 7-11% in industrial, 6-10% in broadcast/consumer/auto). FY15 estimates go slightly above our prior above consensus ests on higher gross margins and lower share count. We continue to like both the PLD sector and Xilinx stock.” Xilinx closed on Tuesday at $47.96.