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Analog Devices Inc.
ADI captures almost 68% of revenues from industrial and communications markets which have been less prone to consumer slowdown. Sterne Agee initiates a Neutral Rating.
In a report Stern Agee writes, "We believe combined with strength in key industrial automation and communication markets, along with exposure to leading consumer players such as Apple
AAPL, ADI should continue to provide upside.We are initiating with a Neutral near-term, as most of the semiconductor stocks have had a good rebound from late August given improving sentiment that C4Q may not as bad as anticipated and the stocks are now trading back at their 2009 highs."
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Posted In: Analyst ColorAnalyst RatingsComputer HardwareInformation TechnologySemiconductorsSterne Agee
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