In a report published Wednesday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and $48.00 price target on Xilinx, Inc. XLNX.
In the report, Morgan Stanley noted, "Management laid out its case for growth to return longer term driven by continued growth in wireless/wired and increasing penetration in newer applications. While long term growth has disappointed, short term headwinds are in expectations and stock is 12.5X 2016 EPS ex cash; we remain Overweight."
Xilinx, Inc. closed on Tuesday at $39.67.
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