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Analog Devices, Inc. Message Board

  • flipcoin2003 flipcoin2003 Aug 19, 2009 8:02 AM Flag

    DB raise tgt to $32

    Deutsche Bank says that ADI delivered solid F3Q results and a better-than-expected F4Q outlook. While high expectations and GM at the low end of ADI's guidance may weigh on the stock in the near term, the firm would use such a pullback as a buying opportunity. They continue to believe ADI's earnings power is underestimated by the Street and they expect upside to be driven by rebounding Industrial/Comms demand as well as co-specific margin leverage (mix, cost cuts, flat opex etc.) Consequently, they're raising their tgt to $32 from $26 and reiterating their Buy rating.

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