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