Analog Devices price target raised to $364 from $291 at Truist
Truist analyst William Stein raised the firm’s price target on Analog Devices (ADI) to $364 from $291 and keeps a Hold rating on the shares. The company delivered a strong Q4 and even stronger Q1 outlook, driven by a combination of cyclical demand, idiosyncratic factors, and expected price increases, the analyst tells investors in a research note.
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