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Analog Devices price target raised to $280 from $260 at JPMorgan

JPMorgan analyst Harlan Sur raised the firm’s price target on Analog Devices to $280 from $260 and keeps an Overweight rating on the shares. The company reported better July quarter results, reflecting the start of the cyclical recovery off of the April quarter bottom, the analyst tells investors in a research note. The firm increased estimates following the “solid” earnings print

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