Baird raised the firm’s price target on Analog Devices to $250 from $200 and keeps an Outperform rating on the shares. The firm said Analog Devices is well positioned as macro uncertainties remain, coming out early from an inventory correction while more immune to any potential pricing pressures than peers.
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Read More on ADI:
- Analog Devices price target raised to $280 from $230 at Susquehanna
- Analog Devices price target raised to $275 from $225 at UBS
- Analog Devices price target raised to $220 from $200 at Bernstein
- Analog Devices price target raised to $235 from $210 at Barclays
- Analog Devices price target raised to $260 from $225 at BofA
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