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Stock Market & Financial Investment News

News Breaks
November 19, 2010
07:19 EDTADIAnalog Devices should be bought ahead of Monday's results, says Citigroup
Citigroup recommends using the recent weakness in Analog Devices shares as a buying opportunity ahead of the company's Q4 results on Monday. The firm says recent channel checks indicate better than expected industrial revenue and stabilizing orders. Note that Auriga maintained a Sell rating on Analog Devices this morning, saying consensus estimates for 2011 seem optimistic.
News For ADI From The Last 14 Days
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June 24, 2015
17:57 EDTADIWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 18, 2015
08:07 EDTADIAnalog Devices secured design win in next iPhone, says Citi
Citi analyst Christopher Danely says he believes Analog Devices (ADI) has secured a design win in the next generation Apple (AAPL) iPhone. The win could contribute $160M in revenue and 10c in earnings per share in 2016, Danely tells investors today in a research note. He upped his price target for Analog shares to $66 from $55 but keeps a Neutral rating on the name. The analyst believes the Apple design win is already priced in with shares trading at 22 times his 2016 earnings estimate. Danely cites valuation for his Neutral rating on the stock.

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