Analog Devices price target raised to $257 from $250 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the firm’s price target on Analog Devices to $257 from $250 and keeps an Overweight rating on the shares. Analog “continues to do all the right things in this downcycle,” says the analyst, who adds that as seen across the analog space, the “bottom is generally behind us, but the recovery appears muted at least for now.”