Truist lowered the firm’s price target on Analog Devices (ADI) to $227 from $233 and keeps a Hold rating on the shares. Truist says it’s “tough” to get excited about buying the stock here, even though the firm “loves” the company, the analyst tells investors in a research note. Analog Devices beat above-seasonal expectations for Q3 on both revenue and EPS, but January guidance is mixed vs. consensus, the firm says.
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