Morgan Stanley Sees Positives from Analog Devices' Analyst Day

In a report published Wednesday, Morgan Stanley analyst Craig Hettenbach reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Management laid out its case for double-digit EPS growth, aided by operating leverage and acquisitions. While positive, ADI's financial targets are broadly in-line with our estimates. And following recent strength post the HITT deal, we view the stock as fairly valued.” Analog Devices closed on Tuesday at $55.70.