Barclays analyst Tom O’Malley raised the firm’s price target on Analog Devices (ADI) to $240 from $210 and keeps an Equal Weight rating on the shares following Q1 results. The firm notes outperformance compared to peers quarter-over-quarter with growth signaled for April and July. Barclays told investors that it walks away more encouraged at the incremental positives and thinks investors will try calling the inflection again here.
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