Bank of America/Merrill Lynch Upgrades Xilinx (XLNX)

Bank of America/Merrill Lynch Upgrades Xilinx (XLNX)

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Bank of America/Merrill Lynch reported on Tuesday that they have upgraded programmable logic solution company, Xilinx, Inc.(XLNX).

The firm has increased their rating on XLNX from “Neutral” to “Buy,” and have given the company a $45 price target. This price target suggests a 15% increase from the stock’s current price of $38.12.

Analysts see the company reaching a turning point in the second half of the year.

Xilinx shares were mostly flat during premarket trading Tuesday. The stock has increased 2% in the past year.

The Bottom Line
Shares of Xilinx, Inc.(XLNX) have a 2.31% yield, based on Friday’s closing price of $38.12.

Xilinx, Inc.(XLNX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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