Analog Devices Cut to Hold at Needham on Valuation and Cancellations
Needham analyst Quinn Bolton downgraded $Analog Devices(ADI.US)$ to Hold from Buy after its Q3 results. The company's cancellations increased slightly toward the end of the quarter, the analyst tells investors in a research note, adding that Analod Devices and the semiconductor industry in general is just beginning to see the start of a broader slowdown.
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