Deutsche Bank analyst Ross Seymore raised the firm’s price target on Analog Devices to $200 from $170 and keeps a Hold rating on the shares. Analog Devices delivered a solid quarter and guide, once again bucking the trend of its competitors which almost universally guided below Street expectations this earnings season, the analyst tells investors in a research note. The firm still questions whether experiencing the cyclical pain in demand being felt by peers is not a matter of if, but rather when.
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