Analog Devices' Stock Surges After Analyst Upgrade On Belief Of Apple Contract Win
March 30, 2015 at 12:56 PM EDT
Shares of Analog Devices Inc. shot up 9.8% in midday trade Monday, putting them on course to close at the highest level since Halloween 2000, after Barclays upgraded the semiconductor company on the belief Apple Inc. will be using its technology to enable the 3D touch feature in its products.