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Apple Issues Lead Barclays To Downgrade Analog Devies

2015-12-04 22:48:34| Semiconductors - Topix.net

Analog Devices, Inc. shares have climbed 7 percent in the last three months, even after hitting a low of $53.47 on September 28. Barclays' Blayne Curtis downgraded the rating on the company from Overweight to Equal-Weight, while reducing the price target from $70 to $60. An inventory correction could take place in the near term, since the company's shipments to Apple Inc. have been much higher than expectations, Curtis said.

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