Market Overview

Morgan Stanley Sees In-Line Analyst Day For Analog Devices

Related ADI
Hear That? It's Tech Earnings Season Sneaking In
Citi Boosts Analog Devices To Buy, Says 'Apple Win' Could Boost Earnings
Synaptics unveils ClearForce tech in wake of Apple's 3D Touch launch (Seeking Alpha)

In a report published Thursday, Morgan Stanley analyst Craig Hettenbach reiterated an Equal-Weight rating on Analog Devices (NASDAQ: ADI).

In the report, Morgan Stanley noted, “We are Equal-weight on ADI as we believe the elements of the company's story are better understood today and we see greater upside in stocks where business transformations are less apparent to the Street, such as LLTC and FCS. ADI has executed well and driven structurally higher margins (peak OM of 37.1% in the last cycle vs. 24.8% previously). That said, there is less controversy around its margins today compared to the skepticism in the middle of last decade that had provided an opportunity in the stock.”

Analog Devices closed on Wednesday at $55.70.

Latest Ratings for ADI

Sep 2015CitigroupUpgradesNeutralBuy
Sep 2015Evercore ISI GroupUpgradesHoldBuy
Aug 2015NomuraDowngradesNeutralReduce

View More Analyst Ratings for ADI
View the Latest Analyst Ratings

Posted-In: Craig Hettenbach Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (ADI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters