UPDATE: Jefferies Raises PT on Analog Devices Following EPS Beat
August 21, 2013 at 10:27 AM EDT
In a report published Wednesday, Jefferies analyst Mark Lipacis reiterated a Buy rating on Analog Devices (NASDAQ: ADI ), and raised the price target from $56.00 to $57.00. In the report, Jefferies noted, “JulQ EPS beat by $0.05 on inline revs due to lower taxes. The outlook for OctQ revs