Susquehanna raised the firm’s price target on Analog Devices to $220 from $210 and keeps a Positive rating on the shares. The firm met with management and although visibility is generally low, conversations were focused around channel inventory, lackluster macro especially in China, various stages of the downcycle per end market, and the overall 2024 outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADI:
- Oppenheimer’s 2024 Prediction for Chip Stocks: Nvidia, Broadcom, and Marvell Lead the Pack
- Honeywell and Analog Devices partner in digitization of commercial buildings
- Analog Devices price target raised to $226 from $206 at Truist
- Analog Devices downgraded to Market Perform from Outperform at Bernstein
- Nike downgraded, Waste Management upgraded: Wall Street’s top analyst calls