Market Overview

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

Share:
Related ADI
Analog Devices Shares Rocket Higher Following Barclays Upgrade
Benzinga's Top Upgrades
Itron (ITRI) Q1 Earnings Trail on Adverse Forex Impact - Analyst Blog (Zacks)

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
Mar 2015BarclaysUpgradesEqual-weightOverweight
Feb 2015JP MorganMaintainsNeutral
Feb 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for ADI
View the Latest Analyst Ratings

Posted-In: Stifel Tore SvanbergAnalyst Color Initiation Analyst Ratings

 

Related Articles (ADI)

Around the Web, We're Loving...