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Analog Devices, Inc. Message Board

  • flipcoin2003 flipcoin2003 Aug 19, 2009 8:03 AM Flag

    CS raises tgt to $27

    Credit Suisse notes that ADI slightly missed GMs due to mix shift towards consumer (21% of July revs vs. 17% in Apr), with the GM miss this early in the upturn likely to pressure the stock. While the industrial gap in analog remains wide, the rate of recovery is spotty, and the firm would look to become more aggressive either at lower valuation or upon a more positive mix shift and GM tailwinds. The firm bumps their tgt to $27 from $23...

 
ADI
52.15-1.03(-1.94%)Apr 16 4:00 PMEDT

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