Market Overview

UPDATE: Stifel Initiates Coverage On Analog Devices On Multiple Positive Factors

Share:
Related ADI
Benzinga's Top Downgrades
Benzinga's Volume Movers

In a report published Friday, Stifel analyst Tore Svanberg initiated coverage on Analog Devices (NASDAQ: ADI) with a Buy rating and $66.00 price target.

In the report, Stifel noted, “We are initiating coverage of Analog Devices, Inc. (ADI) with a Buy rating on the shares and a 12-month target price of $66, comprised of a base price of $60 that represents 17.9x GAAP excluding cash P/E and our DCF analysis that yielded a range of $54-$66, plus $6 for its Hittite Microwave (HITT) acquisition.”

Analog Devices closed on Thursday at $53.75.

Latest Ratings for ADI

DateFirmActionFromTo
Aug 2015NomuraDowngradesNeutralReduce
Aug 2015Pacific CrestMaintainsOverweight
Aug 2015Stifel NicolausMaintainsBuy

View More Analyst Ratings for ADI
View the Latest Analyst Ratings

Posted-In: Stifel Tore SvanbergAnalyst Color Initiation Analyst Ratings

 

Related Articles (ADI)

View Comments and Join the Discussion!

Get Benzinga's Newsletters