BMO Capital analyst Ambrish Srivastava raised the firm’s price target on Analog Devices to $215 from $195 and keeps an Outperform rating on the shares after its Q1 earnings beat. The analyst states that the trajectory of the company’s results and commentary raises the potential for a softer landing for parts of the semi world. BMO Capital further contends that Analog Devices is a "differentiated, high-performance" company that has a long runway for both earnings and free cash flow growth.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ADI:
- Analog Devices price target raised to $225 from $205
- Analog Devices price target raised to $225 from $200 at Cowen
- Analog Devices price target raised to $225 from $185 at Credit Suisse
- Analog Devices price target raised to $210 from $177 at Morgan Stanley
- Analog Devices price target raised to $230 from $210 at Oppenheimer
