Morgan Stanley Sees Xilinx, Inc. as In-Line with Expectations Following Analyst Day

In a report published Wednesday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and $48.00 price target on Xilinx, Inc. XLNX. In the report, Morgan Stanley noted, "Management laid out its case for growth to return longer term driven by continued growth in wireless/wired and increasing penetration in newer applications. While long term growth has disappointed, short term headwinds are in expectations and stock is 12.5X 2016 EPS ex cash; we remain Overweight." Xilinx, Inc. closed on Tuesday at $39.67.