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Analog Devices' stock surges after analyst upgrade on belief of Apple contract win

2015-03-30 20:49:19| Semiconductors - Topix.net

Analyst Blayne Curtis raised his rating to overweight from neutral, and bumped up his stock price target to $70, which is 8.2% above current levels, from $55. "We believe ADI has secured a win at [Apple] with a high accuracy converter to drive 3D touch in upcoming iPhones and iPads," Curtis wrote in a note to clients.

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