Piper Sandler lowered the firm’s price target on Analog Devices to $175 from $190 and keeps a Neutral rating on the shares. The firm notes the company reported a mixed October quarter with January guidance that was below Street expectations.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADI:
- Analog Devices price target raised to $210 from $200 at Citi
- Analog Devices, Inc. Earnings Update: Did it Beat Estimate Forecasts?
- Analog Devices has ‘pretty strong confidence’ that Automotive will grow in 2024
- Analog Devices saw cancellations fall, bookings stabilize during Q4
- Analog Devices sees Q1 adjusted EPS $1.70 plus or minus 10c, consesus $1.90