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Analog Devices, Linear Combine To Form 'Powerhouse,' Says BMO

BMO has raised its price target on Analog Devices, Inc. to $85 from $65 following its $14.8 billion acquisition of Linear Technology Corporation , saying the combined entity will be "another analog powerhouse" after Texas Instruments Incorporated .

BMO is positive on the deal and said, "We do not believe ADI could have acquired a better asset to complement its business."

BMO predicts analog to become a $46 billion industry at the end of 2016, with Texas Instruments expected to capture about 18 percent share. The combination of Analog and Linear will result in an 11 percent share.