Suntrust ups Analog Devices to ‘buy’ on Apple’s Force Touch propagation

“Shares of Analog Devices (ADI) are up 66 cents, or 1%, at $58.51, after the company yesterday afternoon reported better-than-expected fiscal Q3 results, and forecast this quarter substantially higher as well,” Tiernan Ray reports for Barron’s.

“As price targets rise today, some substantial part of the focus is on the prospect for the company’s controller chip that makes possible the ‘Force Touch’ capability in Apple’s Macs, Apple Watch, and soon, it’s believed, the iPhone,” Ray reports.

“The stock has gotten one upgrade today,” Ray reports, “from William Stein of SunTrust Robinson Humphrey, who raises the stock to Buy from Neutral, and raises his price target to $71 from $68, based pretty much exclusively on the promise of riding Apple’s coat-tails… ‘We anticipate Apple will deploy Force Touch throughout its mobile devices that will afford ADI incremental opportunities for additional print position over time.'”

Read more in the full article here.

MacDailyNews Take: Yes, Force Touch is coming everywhere to Apple products and it will not only be beneficial to users, it will also be an important differentiator from the wares of companies who actively and blatantly seek to knock off Apple’s products.

Analyst: Apple’s 12.9-inch ‘iPad Pro’ to offer optional Force Touch compatible stylus – August 19, 2015
How Apple’s Force Touch could change the way you use your next iPhone or iPad – August 17, 2015
Revealed: How Force Touch works and feels in Apple’s next-gen iPhone 6s – August 10, 2015
Apple’s Force Touch: The future of mobile interfaces – August 4, 2015
Why Force Touch on the iPhone will be awesome – July 29, 2015
Apple’s Force Touch iPhone 6s to be major differentiator, put rivals at further disadvantage – July 6, 2015
Apple assemblers begin making next-gen iPhones with Force Touch – June 27, 2015
Analyst: Apple’s ‘iPhone 6s’ to feature stronger 7000 series aluminum, slightly thicker for Force Touch – June 17, 2015
Apple’s new Force Touch patent application reveals stylus, virtual paint brush, 3D buttons interactions – May 28, 2015
Apple’s forthcoming iOS 9 supports ‘iPhone 6s’ Force Touch – May 26, 2015
Apple patent application reveals work on Force Touch for iOS devices and more – March 5, 2015
Force Touch rumored to arrive exclusively on ‘iPhone 6s Plus’ – April 2, 2015
Apple’s next-gen iPhone 6s, iPhone 6s Plus to feature Force Touch – February 28, 2015

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