There is upside to the estimates for Analog Devices, Inc.
Why A Top Pick?
The Linear Technology deal is expected to be 20–25 percent accretive and “should create one of the best business models in the S&P 500,” Hettenbach stated. Apart from this deal, there is “an upward bias to EPS” even prior to the deal close, given Analog Devices’ stringent control of opex and healthy business conditions.
The read-through from the company’s semi and distribution earnings reports for Q3, as well as guidance for Q4, are positive, “reflecting seasonal/stable demand and benign changes in inventory and lead times,” the analyst said.
Although there are uncertainties around Apple Inc.
At last check,
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|Oct 2016||CLSA||Initiates Coverage On||Outperform|
|Aug 2016||BMO Capital||Maintains||Outperform|
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